Meta’s Bitcoin Treasury Proposal Fails Amid Near-Unanimous Opposition

A proposal to assess Bitcoin as a potential treasury asset for Meta was decisively rejected, with only 0.08% of shareholders in favor. The lopsided vote—3.92 million for, nearly 5 billion against—reflects strong resistance to the idea.

Given Meta CEO Mark Zuckerberg’s 61% voting control, his stance likely influenced the outcome. The proposal, introduced by Strive’s Ethan Peck, argued that Bitcoin could hedge against inflation, preserving Meta’s $72 billion cash position.

Peck referenced BlackRock’s recommendation for a 2% Bitcoin allocation, but shareholders—and presumably Zuckerberg—remained unconvinced.