Meta, Amazon, and Microsoft decisively reject Bitcoin as a corporate treasury asset

The concept of a corporate Bitcoin treasury, holding Bitcoin as a reserve asset alongside traditional cash and securities, has gained traction recently, with advocates touting its potential for outsized returns. Yet, for the world’s largest tech companies, the risks still far outweigh the rewards.

While some smaller firms have embraced Bitcoin to boost their profiles, industry leaders like Meta, Amazon, and Microsoft have opted for caution, prioritizing capital preservation and financial stability over speculation.

Shareholder votes at Meta, Amazon, and Microsoft reveal overwhelming opposition

In 2025, Meta’s annual shareholder meeting showcased the scale of resistance to a Bitcoin treasury strategy: over 90% of shareholders voted against the proposal to convert part of Meta’s $72 billion cash stockpile into Bitcoin. Only 3.9 million shares supported the move, while nearly 5 billion opposed it.

Similar proposals at Amazon and Microsoft met the same fate, with shareholders and boards emphasizing the importance of predictability and stability in treasury management. These decisive votes underscore the collective reluctance to introduce volatile assets onto the balance sheets of major public companies.

Did you know?
Meta has explored integrating stablecoin payments into its platforms, holding talks with crypto firms about a multi-token approach. While Bitcoin treasuries are off the table, stablecoins like Tether’s USDt could soon be part of Meta’s digital payment offerings.

Volatility, regulation, and fiduciary duty drive rejection of Bitcoin treasuries

Several key concerns underlie the decision to reject Bitcoin as a treasury asset. Bitcoin’s notorious price swings, sometimes exceeding 50% in a matter of months, introduce unacceptable volatility to corporate earnings and financial positions. Regulatory uncertainty further complicates matters, as inconsistent legal and tax frameworks add risk for public companies.

Boards and shareholders also cite fiduciary responsibility, noting that their legal obligation to manage assets prudently is at odds with the speculative nature of cryptocurrencies. For now, the focus remains on core business operations and financial stability.

Strategy’s Bitcoin treasury outlier highlights both upside and risk

While Meta, Amazon, and Microsoft have refrained from adopting Bitcoin reserves, Strategy (formerly MicroStrategy) has emerged as the leading example of corporate Bitcoin treasuries. Since 2020, Strategy has amassed over 500,000 BTC, more than 2% of the total supply, fueling a 3,180% surge in its share price over five years.

However, this success comes with amplified volatility, as Strategy’s stock now closely tracks Bitcoin’s price movements. The company’s experience demonstrates both the transformative potential and the significant risks of a Bitcoin treasury strategy, reinforcing why most corporations remain hesitant.

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Bitcoin treasuries remain the exception as tech giants stick to safe assets

Despite the hype around Bitcoin as a corporate reserve, the reality is that most major companies remain on the sidelines. Meta, Amazon, and Microsoft continue to focus their treasuries on cash equivalents, short-term securities, and diversified holdings aligned with operational needs.

The collapses of several crypto-adjacent firms in 2024 and renewed regulatory scrutiny have only deepened corporate caution. Until clearer regulatory frameworks and accounting standards emerge, Bitcoin treasuries are likely to remain an outlier rather than the norm among global tech leaders.

Corporate caution prevails as Bitcoin remains an outlier in treasury management

The decisive rejection of Bitcoin treasuries by Meta, Amazon, and Microsoft highlights the enduring importance of risk minimization, liquidity, and alignment with core business goals in corporate finance. As digital assets evolve and regulatory clarity improves, future considerations may reopen, but for now, the world's largest tech companies remain firmly committed to safe, stable treasury strategies.