Meta shareholders rejected a proposal to evaluate adding Bitcoin to the company's balance sheet, with only 0.08% of votes in favor. The proposal, aimed at assessing a Bitcoin treasury strategy, garnered 3.92 million votes from nearly 5 billion opposing votes. CEO Mark Zuckerberg, holding 61% of voting power, likely voted against it. The proposal was presented by Bitcoin advocate Ethan Peck, who argued that investing in Bitcoin would hedge against inflation, as cash and bond yields are consistently falling behind true inflation rates. Peck highlighted advice from BlackRock suggesting that a 2% allocation to Bitcoin is reasonable. Shares of companies such as Microsoft and Amazon are also approaching Bitcoin-related votes; however, the rising number of public companies investing in Bitcoin contrasts with the shareholder decisions at Meta and Microsoft. Currently, 116 public firms have embraced Bitcoin, led by MicroStrategy, which holds 580,250 Bitcoin worth around $60.9 billion.

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