Abstentions totaled 8.86 million shares, while brokers withheld votes on 204.77 million shares. With fewer than 0.1% of votes cast in favor, the initiative fell well short of passage.
The resolution, submitted by Ethan Peck of the National Center for Public Policy Research, asked Meta to “provide a counterweight against lower bond effectiveness” by converting an unspecified portion of surplus cash into Bitcoin.
Peck framed the asset as an inflation hedge, noting its price increase in 2024 compared with modest bond returns.
The vote leaves Meta’s treasury unchanged, but it confirms that crypto proponents will likely continue pressing US blue-chip boards to revisit digital-asset policies as regulatory clarity improves.
