Meta shareholders reject Bitcoin treasury assessment proposal, board directors call it ‘unnecessary’
The post Meta shareholders reject Bitcoin treasury assessment proposal, board directors call it ‘unnecessary’ appeared on BitcoinEthereumNews.com. Key Takeaways Meta shareholders cast nearly 5 billion votes against adding Bitcoin to the company’s reserves. The rejected proposal means Meta will not evaluate Bitcoin acquisition policies. Shareholders of Mark Zuckerberg’s Meta voted down a proposal to assess adding Bitcoin to the company’s treasury during its annual meeting this week. The results, shared by PhoenixNews on Friday, also showed that about 8.9 million shares were abstentions, and nearly 205 million shares were broker non-votes. Meta Platforms Shareholders Vote Against Bitcoin Treasury Assessment Proposal pic.twitter.com/ZeIrUHq2OK — Phoenix » PhoenixNews.io (@PhoenixNewsIO) May 30, 2025 The proposal, submitted by investor Ethan Peck, representing the National Center for Public Policy Research (NCPPR), asked Meta to evaluate whether converting a portion of its cash and bond holdings into Bitcoin would better preserve shareholder value. As of September 30, 2024, Meta had $72 billion in cash, cash equivalents, and marketable securities, which the proposal claims are being eroded by inflation and low returns. The measure presents Bitcoin, with its fixed supply and strong past performance compared to bonds, as a more reliable long-term store of value. The filing also pointed to increased momentum in institutional Bitcoin adoption, including Strategy’s aggressive Bitcoin acquisitions, BlackRock’s endorsement of a 2% Bitcoin allocation, and speculation about potential US federal and state-level Bitcoin reserves in 2025. Furthermore, it noted that Meta’s leadership has shown informal signals of interest. Zuckerberg famously named his goats “Bitcoin” and “Max,” and board member Marc Andreessen serves on the board of Coinbase. However, Meta’s board of directors opposed the resolution, calling it unnecessary. Responding to the proposal, the company’s board stated that Meta already has a robust treasury management process, which prioritizes capital preservation and liquidity to support operations. The board added that Meta regularly evaluates a broad range of investable assets and did not see…
The post Meta shareholders reject Bitcoin treasury assessment proposal, board directors call it ‘unnecessary’ appeared on BitcoinEthereumNews.com.
Key Takeaways Meta shareholders cast nearly 5 billion votes against adding Bitcoin to the company’s reserves. The rejected proposal means Meta will not evaluate Bitcoin acquisition policies. Shareholders of Mark Zuckerberg’s Meta voted down a proposal to assess adding Bitcoin to the company’s treasury during its annual meeting this week. The results, shared by PhoenixNews on Friday, also showed that about 8.9 million shares were abstentions, and nearly 205 million shares were broker non-votes. Meta Platforms Shareholders Vote Against Bitcoin Treasury Assessment Proposal pic.twitter.com/ZeIrUHq2OK — Phoenix » PhoenixNews.io (@PhoenixNewsIO) May 30, 2025 The proposal, submitted by investor Ethan Peck, representing the National Center for Public Policy Research (NCPPR), asked Meta to evaluate whether converting a portion of its cash and bond holdings into Bitcoin would better preserve shareholder value. As of September 30, 2024, Meta had $72 billion in cash, cash equivalents, and marketable securities, which the proposal claims are being eroded by inflation and low returns. The measure presents Bitcoin, with its fixed supply and strong past performance compared to bonds, as a more reliable long-term store of value. The filing also pointed to increased momentum in institutional Bitcoin adoption, including Strategy’s aggressive Bitcoin acquisitions, BlackRock’s endorsement of a 2% Bitcoin allocation, and speculation about potential US federal and state-level Bitcoin reserves in 2025. Furthermore, it noted that Meta’s leadership has shown informal signals of interest. Zuckerberg famously named his goats “Bitcoin” and “Max,” and board member Marc Andreessen serves on the board of Coinbase. However, Meta’s board of directors opposed the resolution, calling it unnecessary. Responding to the proposal, the company’s board stated that Meta already has a robust treasury management process, which prioritizes capital preservation and liquidity to support operations. The board added that Meta regularly evaluates a broad range of investable assets and did not see…
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