The post Meta and Big Tech Aren’t Joining the Bitcoin Treasury Wave appeared on BitcoinEthereumNews.com.

Strategy became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset in August 2020, but not many major tech firms have followed since.  Treasury reserves, sometimes called cash reserves, are held by corporations to fund short-term or emergency obligations. These are typically cash or cash equivalents like money market funds or three-month US Treasury bills. The social media giant Meta keeps $72 billion in liquid assets in its reserve. But at its annual meeting on May 28, shareholders turned back a proposal to assess whether Bitcoin (BTC) might qualify as a future treasury reserve asset. The proposal was dismissed by a ratio of 1,221 to 1. That rejection in itself is not so surprising. Despite growing corporate Bitcoin adoption, Big Tech and most mainstream corporations remain cautious. US tech giant Microsoft also voted down similar proposals in December 2024. Meta’s failed Bitcoin proposal, rejected by an overwhelming majority, raises questions about institutional readiness to adopt crypto. How Bitcoin can address corporate treasury risk. Source: Fidelity Investments Bitcoin’s volatility weakens its treasury asset case This could all just be a misunderstanding. Crypto partisans may have failed to realize that corporate treasuries are more like emergency funds: to be used in the event of natural disasters or pandemics or to support day-to-day business operations, but not as a platform for speculative investing, said New York University professor Aswath Damodaran. “I think it is lunacy,” he told Cointelegraph, discussing the recent Meta proposal put forth by Bitcoin advocate Ethan Peck. Damodaran said that he couldn’t think of “a semblance of a reason for why this is a good idea.”  Related: Michael Saylor teases fresh Bitcoin buy after $1B stock offering Damodaran has a reputation as a crypto skeptic. But even Duke University finance professor. Campbell Harvey, who has…

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Filed under: News - @ June 11, 2025 2:27 am