Meta shareholder Ethan Peck proposes using some of Meta’s cash reserves to buy Bitcoin as a hedge against inflation. Peck points to Bitcoin’s 124% gain in 2024 and 1,265% increase over five years, showing its superior performance over traditional financial assets. This move resonates with corporate trends endorsing Bitcoin investments.
Mark Zuckerberg, Meta CEO controlling over 50% of the voting power, could significantly influence Peck’s proposal. This aligns with similar efforts by Microsoft and Amazon shareholders but outcomes vary. While Microsoft’s proposal was rejected, Amazon has not yet made a decision. Peck’s proposal highlights a broader push for Bitcoin in corporate treasuries.