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Meta won’t buy Bitcoin as shareholders knock back treasury idea

cryptoweekly by cryptoweekly
June 2, 2025
in bitcoin, News
0

Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea.

Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet.

A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of the total — while nearly 5 billion voters decided against the measure, a May 28 regulatory filing shows. 

Meta CEO Mark Zuckerberg controls 61% of the company’s voting power, according to an April regulatory statement, which could indicate that he voted against the proposal.

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Recent Posts
  • Crypto confusion: 50% of non-investors don’t understand it well enough to buy
  • Bitcoin liquidity wars carry on, but BTC price target remains $140K
  • Bitfarms to buy back 10% of shares, calls stock undervalued
  • Russia is not planning to ban foreign messaging apps, provided they comply with Russian law
  • Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec
  • Price predictions 7/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
  • Solana SSK ETF breaks $100M as Wall Street warms to crypto staking

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