Meta Shareholders Reject Bitcoin Treasury Proposal with Over 95% Opposition

Meta Platforms shareholders overwhelmingly rejected a proposal to consider adding Bitcoin to the company's balance sheet, with over 95% voting against it and less than 1% in favor. The proposal, introduced by Bitcoin advocate Ethan Peck from the National Center for Public Policy Research, argued that Bitcoin could serve as a hedge against inflation and protect Meta's substantial cash reserves, which Peck described as diminishing in value. Despite support from individuals like Strive Asset Management CEO Matt Cole, who publicly urged Meta CEO Mark Zuckerberg to embrace Bitcoin, the board and shareholders favored maintaining liquidity and capital preservation over speculative asset strategies. This rejection aligns with similar outcomes at other tech giants such as Microsoft, indicating a broader hesitancy within the sector to adopt Bitcoin as a treasury asset. Meanwhile, Meta's stock saw gains following news of plans to implement a fully AI-driven advertising engine by 2026, reflecting investor focus on other growth avenues. Overall, these developments highlight ongoing debate about Bitcoin's role in corporate treasury strategies amid fluctuating institutional interest and market dynamics.