Big tech firms reject the idea of using Bitcoin as a corporate treasury asset in favor of safer financial strategies.
- Meta, Amazon and Microsoft shareholders voted against Bitcoin reserves.
- Volatility and regulatory risk are key reasons for rejection.
- Strategy remains a rare example of corporate Bitcoin adoption.
Big Tech Rejects Bitcoin as Treasury Asset
Meta, Amazon and Microsoft have all chosen not to hold Bitcoin (BTC) as part of their corporate treasuries. Meta shareholders recently voted against a proposal to convert part of its $72 billion cash pile into Bitcoin. Over 4.98 billion shares were voted against the idea, with fewer than 4 million votes in support.
Similar proposals were previously rejected at Microsoft and Amazon. All three companies emphasized maintaining stable financial reserves, avoiding exposure to high-risk digital assets like Bitcoin.
Why Companies Are Cautious
There are several reasons behind this cautious approach. One major concern is volatility. Bitcoin prices are known to fluctuate sharply, leading to unstable financial reporting for public companies. Another issue is regulatory uncertainty. Cryptocurrency laws and tax regulations vary and are frequently changing.
Big companies also want to stay focused on their main business goals. Shareholders prefer predictable growth backed by proven financial strategies. Board members have a fiduciary duty to protect shareholder value, and many view Bitcoin as too risky for long-term stability.
Strategy Is Taking a Different Path
One notable exception is the company Strategy. Since 2020, it has accumulated over 500,000 BTC, spending about $33 billion. Its stock (MSTR) has risen over 3,000% in five years. This growth is directly linked to Bitcoin’s rising price.
Strategy’s approach is different from most companies. It actively seeks to turn Bitcoin into a core asset. Its chairman, Michael Saylor, is one of the loudest voices in support of Bitcoin treasuries. But while the returns have been large, the risks remain high due to Bitcoin’s price swings.
Outlook for Corporate Bitcoin Adoption
For now, it seems Bitcoin treasuries are not popular among large, publicly traded companies. Most firms are waiting for clearer rules, better financial tools, and more stable market conditions before making any bold moves. Even among innovative companies, the idea of adding Bitcoin to the balance sheet is seen as too risky.
Until the environment changes, Bitcoin adoption by corporate treasurers is likely to remain rare. Conservative financial strategies still dominate, especially when markets and investors demand stability over speculation.
Source: cointelegraph.com
