A Plan to Bring Meta Closer to Bitcoin
Ethan Peck, a member of the National Center for Public Policy Research, a conservative think tank in the U.S., has submitted a shareholder proposal urging Meta to gain exposure to Bitcoin.
The goal would be to hedge against inflation, which is causing the "erosion" of Meta's cash reserves, while aligning with a clear pro-crypto political direction fueled by the new Trump administration in the U.S.
According to Peck, Meta is missing a significant opportunity to protect itself from inflation, given Bitcoin's incomparable performance compared to bonds (+1,262%) over the past five years.
For shareholders, introducing BTC into the company’s treasury would be the "most logical thing to do."
“Don’t Meta shareholders deserve the same type of responsible resource allocation that Meta’s directors and executives likely already implement for themselves?” Peck provocatively asked.
Bitcoin Adoption Is Also a “Big Players’” Game
The proposal to Meta follows a series of initiatives involving other major U.S. tech companies, with shareholder attitudes consistently sharing the same underlying theme. For example, in recent months, a similar proposal for Bitcoin investment was brought to Microsoft by none other than Michael Saylor.
Microsoft ultimately voted against allocating 1% of its cash reserves to BTC. Meanwhile, by April 2025, Amazon is expected to consider a new diversification strategy regarding Bitcoin.
U.S. tech giants remain hesitant due to the risks associated with Bitcoin’s volatility. However, the persistence of these requests might signal a significant shift in this approach on the horizon.
In this context, Peck’s proposal is seen by many as a litmus test to gauge the sentiment of these corporate giants.
By Gue22 🌐🚀 What do you think?