Paul Johnson Meta has officially joined Microsoft and Amazon in slamming the door on proposals to add Bitcoin to their corporate treasuries. The result wasn’t even close: nearly 5 billion shareholder votes against versus just 3.9 million in favour.
🔑 Key Points Analysis
1. Overwhelming Defeat
Of 14 shareholder proposals, the Bitcoin treasury idea had the widest margin of loss.
This wasn’t a close call—it was a decisive rejection.
2. Board’s Stance: “We’ve Got This Covered”
Meta’s board argued that cryptocurrency analysis isn’t needed because the company already has established treasury management processes.
Translation: “We don’t need to experiment with Bitcoin when our cash strategies are working.”
3. The Push Came from NCPPR
The proposal was championed by the National Centre for Public Policy Research (NCPPR), a conservative U.S. think tank.
NCPPR also targeted Microsoft and Amazon with similar pushes, both of which were shot down.
4. Big Tech vs. Corporate Bitcoin Buyers
While Meta, Microsoft, and Amazon steer clear, companies like Strategy (with $60B in BTC) have gone all-in on Bitcoin.
The difference? Risk appetite. Big tech prioritizes stability and predictability, while others are willing to weather volatility for long-term upside.
5. The Bigger Picture
Big tech’s united stance shows no appetite for crypto treasuries—at least for now.
But with more public companies holding Bitcoin, the pressure could build. A shift from just one FAANG giant could flip sentiment across Wall Street.
👉 Bottom Line: Shareholders in the biggest tech firms still see Bitcoin as too volatile for corporate reserves. But as Bitcoin adoption spreads among smaller players, the question isn’t if—but when—one of the giants will eventually break ranks.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
