Meta Says Nope to Bitcoin Bags!

Meta shareholders voted against a proposal to assess whether Bitcoin should be added to its balance sheet.

June 02, 2025

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Meta Won’t Buy Bitcoin as Shareholders Knock Back Treasury Idea
Czech Justice Minister Resigns Over Bitcoin Scandal
Metaplanet Buys 1,088 More Bitcoin, Pushing Total Holdings to 8,888 BTC Worth Over $930 Million
France Cracks Down on Crypto Kidnappings While Global Hack Losses Decline

Meta shareholders voted against a proposal to assess whether Bitcoin should be added to its balance sheet.

Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's balance sheet, with only 0.08% voting in favor.
The proposal was introduced by Bitcoin advocate Ethan Peck, and it urged Meta to allocate part of its $72 billion cash reserves to Bitcoin as a hedge against inflation.
CEO Mark Zuckerberg, who controls 61% of Meta’s voting power, is presumed to have voted against the proposal.

Justice Minister Pavel Blazek resigned after public backlash over accepting and selling Bitcoin that was donated by Tomas Jirikovsky.

Czech Justice Minister Pavel Blazek resigned after accepting and selling Bitcoin that was donated by a convicted drug trafficker, Tomas Jirikovsky, without verifying its origin.
The Justice Ministry raised nearly $45 million from auctioning 500 BTC for judicial reforms before the source of the funds was exposed by local media.
The scandal triggered public outrage, opposition backlash, and a police investigation into the Bitcoin’s origin.

The company has a year-end target of holding 10,000 BTC in its corporate treasury.

Metaplanet purchased an additional 1,088 BTC for $117.5 million, bringing its total holdings to 8,888 BTC.
The company bought 7,126 BTC in 2025 alone, after its adoption of a Bitcoin treasury strategy in April of 2024. It is also Asia’s largest public BTC holder.
CEO Simon Gerovich credited Strategy and Michael Saylor as major influences behind Metaplanet’s aggressive Bitcoin accumulation strategy.

French authorities uncovered a major kidnapping network targeting crypto figures.

French authorities have charged 25 individuals, including six minors, over coordinated attempted kidnappings targeting crypto entrepreneurs.
The suspects, aged 16 to 23, face serious charges like attempted abduction, assault, and organized conspiracy, with investigations spanning multiple cities and countries.
Despite these threats, the crypto sector saw a 39% drop in hacking losses in May 2025, with $244.1 million stolen across 20 incidents.

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