Meta shareholders crushed a Bitcoin treasury proposal with a brutal 95% rejection rate, casting nearly 5 billion votes against the crypto gamble. Only 3.9 million shareholders wanted the digital gold rush. Mark Zuckerberg’s 60% voting control didn’t hurt the outcome either. Meanwhile, Meta’s stock jumped 3.6% as investors stayed bullish on AI instead of volatile cryptocurrency. The overwhelming turnout of 92.61% proved shareholders prefer traditional cash management over speculative Bitcoin bets, though the story gets more interesting.
Meta shareholders just delivered a brutal reality check to Bitcoin enthusiasts. The social media giant’s investors absolutely crushed a proposal to add Bitcoin to the company’s treasury, voting it down by an overwhelming 95%.
The numbers tell the whole story. Out of nearly 5 billion votes cast, only 3.9 million supported the Bitcoin idea. That’s not merely a rejection – that’s a complete annihilation. Mark Zuckerberg, who controls about 60% of voting shares, clearly wasn’t having it.
Investor Ethan Peck from the National Center for Public Policy Research pitched the proposal, arguing that converting some of Meta’s massive $72 billion cash pile into Bitcoin would better preserve shareholder value. His reasoning? Bitcoin’s fixed supply and past performance compared to bonds made it a superior long-term store of value, especially with inflation concerns looming. Hardware wallet security has made institutional Bitcoin storage increasingly viable for large corporations.
Bitcoin’s fixed supply and inflation-beating track record makes it a smarter treasury play than traditional bonds, Peck argued.
Meta’s board directors weren’t buying it. They considered the proposal unnecessary, likely viewing Bitcoin’s notorious volatility as too risky for a company sitting on that much cash. Can’t really blame them – Bitcoin isn’t exactly known for its stability.
Here’s where it gets interesting though. While shareholders were busy rejecting crypto dreams, Meta’s stock surged 3.6% on the same day. The real excitement? Reports about Meta’s plans for a fully AI-driven advertising engine by 2026. Apparently, investors are way more bullish on artificial intelligence than digital currency.
The contrast is striking. Bitcoin gets the boot, AI gets the love. Meta’s shareholders clearly prefer focusing on technological advancement over speculative treasury strategies. The company’s current financial approach seems to have strong backing from investors who trust the existing strategy.
Despite growing institutional Bitcoin adoption elsewhere, Meta’s shareholders sent a clear message about their risk tolerance. The 92.61% shareholder turnout represented a strong quorum, making this rejection even more definitive. This rejection follows a similar pattern, as Microsoft also rejected a comparable Bitcoin treasury proposal just last month.
Meta’s board and shareholders appear confident in their traditional cash management approach. While other companies experiment with cryptocurrency treasuries, Meta investors are keeping their eyes on AI innovation and proven revenue streams. The Bitcoin rejection doesn’t signal Meta’s complete exit from digital assets, as the company is actively exploring stablecoins for future initiatives. The market has spoken, and Bitcoin wasn’t invited to this particular party.
