Archive · 2 Jun 2025
Meta Shareholders Reject Bitcoin Investment Assessment
Meta shareholders voted down a plan to see if the company should invest in Bitcoin, a type of digital money.
A shareholder suggested this to potentially make more money, as they thought cash wasn't doing well.
However, almost everyone voted against it.
Meta's leaders said they have other ways of managing money and were worried about how much the price of Bitcoin can change.
The idea was brought up because some people believe that Bitcoin's price could go up over time.
Ultimately, the company decided against looking into Bitcoin investments.
Meta shareholders voted against a proposal to assess Bitcoin investment in the company's treasury.
The proposal suggested considering Bitcoin to replace a portion of Meta's assets.
Only 0.078% of the votes favored the Bitcoin treasury assessment.
Meta's board cited Bitcoin's volatility and existing treasury processes as reasons for rejection.
The proposal was submitted by a Meta shareholder named Ethan Peck.
- Who
- Meta shareholders voted on the proposal, and it was initially suggested by shareholder Ethan Peck.
- What
- Meta shareholders voted against a proposal to evaluate investing in Bitcoin.
- When
- The decision was made at Meta's annual shareholder meeting on May 28, 2025.
- Where
- The shareholder meeting took place, and the financial implications involve Meta's treasury.
- Why
- Meta's board cited volatility concerns and existing financial processes.
Shareholder Proposal for Bitcoin Assessment
Meta Board's Position
Assessment of Bitcoin Investment
Shareholder Proposal for Bitcoin Assessment
Meta should consider replacing some percentage of its total assets with those that appreciate more than bonds and assess the benefits of exchanging cash holdings into Bitcoin.
Meta Board's Position
Unnecessary, as Meta already has processes to manage its treasury and assess various investable assets.
- Meeting Date
- May 28, 2025
- Votes Against Proposal
- 4,980,828,562
- Votes For Proposal
- 3,916,871
- Approval Rate
- 0.078%
- Meta Total Assets
- $256 billion as of Sept 30, 2024
- Meta Cash and Equivalents
- $72 billion as of Sept 30, 2024
- Keywords
- Bitcoin, cryptocurrency