At the annual shareholders meeting of Meta Platforms Inc., a motion was rejected to investigate whether the company Bitcoin would have to add to its financial reserves. There was insufficient shareholder support to allow the plan to proceed.
The proposal was intended to assess whether Meta would benefit from including Bitcoin in its cash reserves, as several other major companies and institutions are considering doing. Despite growing interest in crypto among investors, Meta shareholders have clearly chosen to stick with the current non-Bitcoin strategy for the time being.
The mood was clear:
This outcome shows that the vast majority of shareholders do not yet have confidence in Bitcoin as part of Meta's financial policy.
Strive Asset Management CEO Matt Cole has previously publicly advocated for including Bitcoin in Meta’s reserves. Speaking at the Bitcoin 2025 conference in Las Vegas, he addressed Meta CEO Mark Zuckerberg directly, tongue-in-cheek with an earlier joke: “You’ve already taken step one: You named your goat Bitcoin.”
For now, Meta is sticking to a more conventional approach to asset management, focused on cash and short-term investments. This is in contrast to companies that are actively considering putting Bitcoin on their balance sheets as a hedge or long-term investment.
What was the proposal that Meta shareholders rejected?
It was a plan to investigate whether Meta should add Bitcoin to its financial reserves.
How did the shareholders react?
Nearly 5 billion votes were against the proposal, only 3,9 million were in favor. So the majority does not want Bitcoin on the balance sheet.
What does this mean for Meta?
For now, Meta is sticking to a traditional approach to its cash management and is not investing in cryptocurrencies such as Bitcoin.