TechFlow news, January 13 — According to BeInCrypto, Meta shareholder Ethan Peck has filed a proposal urging the company to allocate part of its $72 billion cash reserves to bitcoin. The proposal cites BTC's potential as an inflation hedge and its superior performance compared to traditional assets. In the filing, Peck expressed concern over inflation eroding the value of Meta’s cash holdings. He argued that bitcoin, having demonstrated strong performance relative to traditional assets, could serve as an effective inflation hedge while enhancing shareholder value. Peck highlighted bitcoin’s impressive returns, noting a 124% increase in 2024 and an extraordinary 1,265% gain over five years—figures that far surpass the modest yields of bonds and other conventional financial instruments. He also pointed out Meta’s indirect exposure to cryptocurrency through BlackRock, the company’s second-largest institutional investor, which has allocated 2% of its corporate treasury to bitcoin.
This move follows similar proposals submitted to major corporations such as Microsoft and Amazon, underscoring the growing momentum among institutional players advocating for bitcoin adoption. While Meta has not issued a formal response to these suggestions, Bitwise's Jeff Park speculated that Meta CEO Mark Zuckerberg’s skepticism toward traditional systems may align well with bitcoin’s decentralized ethos.
