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Meta shareholders have voted down a proposal to add Bitcoin to the company’s balance sheet, and CEO Mark Zuckerberg was likely among them.
There were just 3.92 million votes in favor of the proposal, put forward by BTC advocate and Strive director Ethan Peck in January, and over 5 billion against, according to a May 28 regulatory filing.
Mark Zuckerberg Likely Voted Against Adding Bitcoin To Meta’s Balance Sheet
With Meta CEO Mark Zuckerberg controlling over 61% of the company’s voting power, according to an April regulatory statement, it seems he was among those who voted against the proposal
Meta shareholders voted against adding Bitcoin to the company’s balance sheet…
This will circle back, #Meta will eventually add #Bitcoin to their balance sheet. Just wait on it. It only means they’ll end up buying it at a higher price … 🤐 pic.twitter.com/idWzx08GbH
— Cesar Sanchez (@Cesarsanchez_co) June 2, 2025
Peck had called on Meta to invest a portion of its $72 billion cash and cash equivalents into Bitcoin, arguing it would help the company hedge its reserves against inflation.
“Since cash is consistently being debased and bond yields are lower than the true inflation rate, 28% of Meta’s total assets are consistently diminishing shareholder value,” he argued in his supporting statement.
He added that Meta’s second-largest shareholder, BlackRock, has previously said that a 2% BTC allocation is reasonable for a company.
Amazon Vote Looms After Microsoft, Meta Rejections
The Meta proposal is not the first put forward by Peck. He also pitched the idea to Microsoft and Amazon shareholders on behalf of the conservative think tank, the National Center for Public Policy Research (NCPPR).
Microsoft shareholders rejected the proposal in December. With Meta’s backers doing the same, the market will be turning its attention to Amazon. The tech giant’s shareholders are currently awaiting a vote on whether the company should allocate at least 5% of the company’s assets to Bitcoin.
Despite Microsoft and Meta choosing to leave Bitcoin off their balance sheets, data from BitcoinTreasuries shows 116 other companies have added BTC to their respective balance sheets so far.
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