Meta Shareholders Reject Bitcoin Proposal

Meta Shareholders Reject Bitcoin Treasury Proposal

• Nearly 5 billion votes were cast against adding Bitcoin to Meta’s reserves.
• The proposal was submitted by Ethan Peck of the National Center for Public Policy Research.
• Approximately 8.9 million shares abstained, with nearly 205 million broker non-votes.
• Meta had $72 billion in cash and securities as of September 30, 2024.
• The board opposed the proposal, citing existing treasury management processes.

Meta shareholders decisively rejected a proposal to evaluate Bitcoin acquisition policies, with nearly 5 billion votes against it. The company’s board maintains that their current treasury management is sufficient without a separate focus on Bitcoin investments.