Bitcoin Corporate Treasury Shareholder Proposal Submitted for Meta.
A Meta shareholder proposal by Ethan Peck calls for the social media company to convert $72 billion in cash and a portion of short-term cash to bitcoin (BTC) as a hedge against a currency crash.
Peck Meta is losing 28 percent of its cash holdings over time due to inflation, and cited bonds that outperformed bitcoin by 1,262 percent over the past five years to receive the asset. Peck also wrote in the proposal:
Mark Zuckerberg named the goats ‘Bitcoin' and ‘Max.'
Peck is an employee of the National Center for Public Policy Research, a Washington, D.C.-based think tank that promotes free-market policies, which has presented the Bitcoin Treasury shareholder proposals to Microsoft and Amazon in 2024. But Peck made a meta proposal on his behalf. Family share.
Bitcoin Treasury Shareholder Proposal Submitted for Meta. Source: Tim Kottman
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What if Big Tech firms hesitate to use Bitcoin as a treasury asset?
Microsoft shareholders voted against the D.C.-based company's proposal at a Dec. 10 meeting. The proposal suggests that Microsoft allocate at least 1 percent of its $484 billion in assets to bitcoin.
On December 9, 2024, the National Center for Public Policy Research proposed a similar Bitcoin corporate treasury diversification strategy to Amazon shareholders for consideration at the April 2025 shareholder meeting.
In the proposal, the organization pointed out that the consumer price index (CPI) – a measure of inflation based on a basket of household goods – is weak inflation and the real inflation rate is twice the CPI.
Nick Cowan, CEO of fintech company Valerem, told Cointelegraph that Big Tech companies will not hesitate to adopt Bitcoin because of their scale and strength as industry leaders in the highly profitable sector.
Cowan added that Bitcoin's high volatility and lack of local yield opportunities prevent tech companies from allocating 5% or more of their assets to BTC.
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