Shareholder voting at Meta has decisively rejected a proposal to assess the potential addition of Bitcoin to the company’s balance sheet. Despite receiving support from 3.92 million shareholders, the proposal ultimately garnered less than 1% of total votes in favor. This rejection aligns with the majority shareholder view, which is held by Mark Zuckerberg, who holds control over approximately 61% of the voting power. The proposal, submitted by Bitcoin advocate Ethan Peck, aimed to allocate a portion of Meta’s cash reserves to Bitcoin as a hedge against inflation. The proposal highlighted the growing concern about the impact of inflation on real value. This follows similar rejection attempts at companies like Microsoft and Amazon. While Peck advocates for investing a percentage of assets in Bitcoin, his suggestion is being actively scrutinized by shareholders who are concerned about the potential risks and opportunity costs associated with such an investment. The potential allocation of 2% to Bitcoin has also been discussed at BlackRock, highlighting the growing interest in Bitcoin as an alternative asset class.