Despite calls from some investors, Meta has firmly shut the door on adding Bitcoin to its treasury. A recent shareholder vote saw a staggering 99.92% opposition to the idea.
The proposal, championed by Bitcoin advocate Ethan Peck, suggested that Meta’s massive cash reserves—$72 billion—would be better protected against inflation with a Bitcoin allocation. But with CEO Mark Zuckerberg controlling 61% of votes, the measure never stood a chance.
Peck, who leads Bitcoin strategy at Strive, cited BlackRock’s view that a small Bitcoin position could be wise. Shareholders, however, disagreed—emphatically.
