The shareholders of the meta platform opposed the plan to make sure that the company should hold Bitcoin as part of the cash reserve. Nearly 9 million shares were banned, and almost 220 million shares were considered broker votes. Voting took place at the company’s annual meeting this week. The lack of support was not going in the future.
Shareholders refuse to propose Bitcoin
According to the public submission, investor Ethan Peck at the National Public Policy Research Center asked Meta to study whether to exchange value by exchanging marketable securities of $ 72 billion in cash, cash equivalent and bitcoin.
Peck pointed out that the low yield of inflation and bonds is eroding the company’s cash sidewalk. He noted that Bitcoin’s fixed supply and past price profit can provide hedge. Some shareholders voted favorably, but most of them were with the board of directors.
Meta -platform shareholders oppose the Bitcoin Treasury Evaluation Proposal. pic.twitter.com/zeiruhq2ok
-Phoenix »Phoenixnews.io (@phoenixnewsio) May 30, 2025
The Board of Directors quotes solid financial management
Based on the report, META directors said they do not need a separate bitcoin study. They argued that the company had already plans to keep cash safely.
META leaders wrote that they regularly review many kinds of investment to secure enough liquid funds for operation. They did not mention whether Bitcoin is a good or bad choice. Instead, they said that the existing process meets all the needs.
It is not enough to promote corporate bitcoin
The National Public Policy Research Center has attempted similar promotion in Microsoft and Amazon. In December 2024, Microsoft shareholders rejected the proposal to place Bitcoin in the balance table.
Amazon faced similar ideas but did not do it. Even if some technical leaders give hints, Zuckerberg called the goats “Bitcoin” and “Max”, and the board member Marc Andressen is sitting in Coinbase’s board of directors. They are worried about price fluctuations and additional rules that own Cryptocurrency.
Meta focuses on Stablecoin
Meta seems to be more interested in Stablecoin instead of buying Bitcoin. Based on the report, the company is talking about using Crypto Infrastructure Partners and STABLECOIN for global payments. This will allow the meta to spend money faster and cheaper across the border.
In addition, META ends the DIEM project and then returns to encryption effort. In 2022, DIEM was on the shelf as a US regulatory push bag. META’s new move suggests that there is no change in Bitcoin’s wild prices.
Bitcoin is currently not sitting in Meta’s balance. Some public companies, such as Tesla and Strategy, have made a big bet on Bitcoin. However, the Meta Board of Directors prefers more traditional finance settings. They lean on Stablecoins to show that they want the speed and stability of the dramatic ups and downs of encryption.
Chart of TradingView, the main image of Unsplash
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