Meta Shareholder Proposes Bitcoin Adoption for $72 Billion Treasury
A shareholder has urged Meta Platforms Inc. to explore Bitcoin as a potential addition to its $72 billion corporate treasury. The proposal highlights Bitcoin’s resilience against inflation and its superior performance compared to traditional assets like bonds.
The proposal, filed by Ethan Peck of the National Center for Public Policy Research on behalf of his family’s shares, is part of a broader trend of Bitcoin-related initiatives targeting major tech firms like Microsoft and Amazon.
Bitcoin as a Hedge Against Inflation
Peck emphasized that Meta’s reserves, currently held in cash and bonds, are vulnerable to inflation. He argued that Bitcoin, which appreciated 124% in 2024 alone, could offer a safeguard against currency devaluation. Over the past five years, Bitcoin has surged by 1,265%, significantly outpacing the average returns of bonds.
Peck cited the example of MicroStrategy, whose Bitcoin investments fueled a remarkable 17,000% equity growth, as evidence of the cryptocurrency’s potential to enhance shareholder value despite its volatility. He suggested that diversifying Meta’s holdings with Bitcoin could bolster its innovative financial strategy.
Ties to Meta’s Vision
The proposal aligns Bitcoin adoption with Meta’s innovative culture and past ventures into blockchain technology. Peck referenced CEO Mark Zuckerberg’s interest in cryptocurrency, including naming his goats Bitcoin and Max, as well as board member Marc Andreessen’s favorable stance on digital assets.
Additionally, the proposal pointed to institutional investors like BlackRock, whose Bitcoin ETF has gained significant traction, as further evidence of growing cryptocurrency adoption in mainstream finance.
Rising Institutional and Legislative Support
The proposal also underscored the increasing adoption of Bitcoin as a treasury asset by companies like MicroStrategy and Genius Group Ltd. It highlighted legislative developments, such as the Lummis Bill’s recognition of Bitcoin as a reserve currency, alongside traditional assets like gold and silver.
Peck concluded by urging Meta’s board to seize the opportunity presented by Bitcoin, aligning with global trends and reinforcing the company’s reputation for financial innovation.
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