Key Takeaways
- A Meta shareholder proposed allocating cash reserves to Bitcoin.
- The proposal cites Bitcoin's fixed supply and inflation resistance.
- Similar proposals were previously submitted to Microsoft and Amazon.
A Meta shareholder, Ethan Peck, has submitted a proposal recommending the company allocate a portion of its $72 billion in cash reserves to Bitcoin.
The proposal, motivated by concerns over inflation eroding Meta’s cash holdings, highlights Bitcoin’s role as a hedge against currency debasement.
Peck, an employee of the National Center for Public Policy Research, submitted the proposal on behalf of his family’s shares.
The proposal states:
Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available.
He noted that inflation is causing Meta to lose 28% of its cash assets over time and emphasized Bitcoin’s 1,262% outperformance over bonds in the last five years.
Executive interest
Peck also referenced Meta executives’ apparent interest in Bitcoin, citing CEO Mark Zuckerberg naming his goats “Bitcoin” and “Max,” and Meta director Marc Andreessen’s praise for Bitcoin and association with Coinbase.
Similar initiatives
The proposal mirrors earlier initiatives by the National Center for Public Policy Research.
In December 2024, similar Bitcoin treasury proposals were submitted to Microsoft and Amazon.
Microsoft shareholders rejected the proposal, while Amazon is set to consider it at its April 2025 meeting.
Industry response
Despite these efforts, experts like Valereum CEO Nick Cowan believe Big Tech firms remain hesitant due to Bitcoin’s volatility, lack of yield opportunities, and their established dominance in profitable industries.
