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The Daily Hodl 2025-06-02 19:55:54

Meta Shareholders Vote To Shut Down Bitcoin Treasury Proposal in Near-Unanimous Decision

Meta Shareholders Vote To Shut Down Bitcoin Treasury Proposal in Near-Unanimous Decision

Shareholders at Mark Zuckerberg’s Meta have decided to shoot down a proposed Bitcoin ( BTC ) treasury for the tech giant. According to an 8-K Filing with the U.S. Securities and Exchange Commission (SEC) from last week, the vast majority of Meta shareholders voted against a BTC treasury proposal as a hedge against inflation. “On May 28, 2025, Meta Platforms, Inc. (the “Company”) held its annual meeting of shareholders via live audio webcast… At the Annual Meeting, the Company’s shareholders voted on fourteen proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 17, 2025… At the beginning of the Annual Meeting, there were 1,769,720,699 shares of Class A common stock and 342,865,499 shares of Class B common stock present or represented by proxy at the Annual Meeting, which represented 92.61% of the combined voting power of the shares of Class A common stock and Class B common stock entitled to vote at the Annual Meeting (voting together as a single class), and which constituted a quorum for the transaction of business.” According to the filing, 3.9 million shares voted for the proposed treasury, while 4.9 billion shares voted it down. Since founder Mark Zuckerberg controls approximately 60% of the shares, it can be reasonably assumed that Zuckerberg voted against the measure. Despite the BTC Treasury vote, Meta is still reportedly eyeing a venture into stablecoins amid growing interest and demand for digital assets. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/WindAwake The post Meta Shareholders Vote To Shut Down Bitcoin Treasury Proposal in Near-Unanimous Decision appeared first on The Daily Hodl .

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