1 day ago
Meta Platforms shareholders rejected a measurement that urged the institution to adhd Bitcoin (BTC) to its $72 cardinal currency pile, voting 4.98 cardinal shares against and 3.92 cardinal for astatine the May 30 yearly meeting, as reports surfaced.
Abstentions totaled 8.86 cardinal shares, portion brokers withheld votes connected 204.77 cardinal shares. With less than 0.1% of votes formed successful favor, the inaugural fell good abbreviated of passage.
The resolution, submitted by Ethan Peck of the National Center for Public Policy Research, asked Meta to “provide a counterweight against little enslaved effectiveness” by converting an unspecified information of surplus currency into Bitcoin.
Peck framed the plus arsenic an ostentation hedge, noting its terms summation successful 2024 compared with humble enslaved returns.
Outside advocates pressed Zuckerberg
The ballot followed nationalist lobbying from Strive Asset Management CEO Matt Cole, who called Meta CEO Mark Zuckerberg during the 2025 Bitcoin Conference, urging a “bold firm Bitcoin treasury approach” and endorsing a “yes” ballot connected Proposal 13.
On the aforesaid day, Bloomberg elder ETF expert Eric Balchunas said Meta could go the archetypal US megacap to adhd Bitcoin this cycle, suggesting specified a determination would awesome broader firm acceptance.
Prior attempts to sway Microsoft and Amazon shareholders toward akin steps person besides failed, highlighting the hurdles Bitcoin advocates look erstwhile targeting large-cap firms with accepted treasury frameworks.
The ballot leaves Meta’s treasury unchanged, but it confirms that crypto proponents volition apt proceed pressing US blue-chip boards to revisit digital-asset policies arsenic regulatory clarity improves.
The station Meta shareholders cull Bitcoin treasury bid successful landslide vote appeared archetypal connected CryptoSlate.
English (US) 