Summary of Key Highlights
- Meta shareholders overwhelmingly rejected a Bitcoin treasury proposal in May 2025.
- Only 0.88% voted in favor, with around 5 billion votes against.
- CEO Mark Zuckerberg holds 61% of voting power and likely voted against the proposal.
- Bitcoin advocate Ethan Peck submitted similar proposals to Meta, Microsoft, and Amazon.
- Microsoft rejected the proposal in December 2024.
- Amazon is expected to vote on a 5% Bitcoin allocation soon.
- Critics argue that Bitcoin’s volatility outweighs its hedge value.
Big Tech Rejects Bitcoin Treasury Strategy: Meta and Microsoft Say “No”
Introduction
Bitcoin Treasury Proposal—a term that’s been making waves in the corporate financial landscape. But not all tech giants are convinced. In recent shareholder meetings, both Meta and Microsoft flatly declined proposals to add Bitcoin to their corporate treasuries.
Bitcoin enthusiasts see this as a missed opportunity, but Big Tech has its reasons—and control.
The Meta Vote: Zuckerberg’s Silent “No”
In a recent May 28 regulatory filing, Meta revealed that a proposal titled “Bitcoin Treasury Assessment” received a shockingly low 0.88% of shareholder votes. With only 3.92 million in favor and about 5 billion votes against, the results were a landslide rejection.
Meta CEO Mark Zuckerberg, who controls 61% of Meta’s voting power (as per April’s regulatory statement), likely voted against the proposal—tipping the scale significantly.
Ethan Peck’s Bitcoin Vision
The proposal was introduced by Ethan Peck, Bitcoin Director at Strive and a vocal crypto advocate. Representing the National Center for Public Policy Research (NCPPR), Peck suggested Meta invest part of its $72 billion cash reserves into Bitcoin, calling it a hedge against inflation.
“Since cash is constantly being debased and bond yields are lower than the true inflation rate, 28% of Meta’s assets are constantly decreasing shareholder value,” Peck emphasized in his statement.
He even cited BlackRock, which has previously noted that a 2% Bitcoin allocation is a reasonable approach.
Microsoft Says No, Amazon Still in Queue
Microsoft also rejected a similar proposal by Peck in December 2024. Meanwhile, Amazon shareholders are still awaiting a vote to decide whether 5% of the firm’s assets should be allocated to Bitcoin.
Industry watchers are curious to see if Amazon—known for its tech-forward strategies—will take a different route.
According to Valereum CEO Nick Cowan, “Amazon has a better track record of adopting new technologies than many other Big Tech firms.”
However, Cowan also warned:
“The opportunity cost of holding a volatile asset such as Bitcoin rather than investing in R&D or acquisitions may weigh heavily on shareholders.”
Why the Rejections? A Risk-Reward Dilemma
The hesitation from Meta and Microsoft highlights a growing concern: volatility vs. innovation. While Bitcoin is praised as a decentralized hedge and store of value, it still faces trust issues in corporate environments that prioritize predictability, research, and development.
While crypto supporters argue that Bitcoin can protect shareholder value in the long run, current shareholder sentiment suggests they value stability over speculation.
What’s Next?
With Amazon’s vote still pending, the debate around Bitcoin as a corporate treasury asset is far from over. If Amazon votes yes, it could mark a turning point in the adoption of digital assets by major corporations.
But for now, Meta and Microsoft are staying on the sidelines—watching, perhaps waiting, but certainly not buying Bitcoin.