Meta Platforms Inc. ($META) shareholders have overwhelmingly rejected a proposal to adopt Bitcoin as part of the company’s treasury reserve strategy.
According to official vote tallies, only 0.1% of shareholders supported the motion, while approximately 95% voted against it. Over 204 million shares were recorded as broker non-votes.
The proposal, titled “Bitcoin Treasury Assessment,” aimed to explore adding Bitcoin to Meta’s corporate balance sheet, a move already adopted by companies like MicroStrategy and Tesla in recent years.
However, the shareholder vote reflects broad institutional resistance to crypto-based treasury diversification.
The decision confirms that Meta, for now, will maintain a traditional fiat-based capital management approach, despite growing adoption of digital assets in corporate finance.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/meta-shareholders-reject-proposal-to-add-bitcoin-to-company-treasury/