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Ethan Peck has proposed that Meta allocate part of its $72 billion cash and bond reserves to Bitcoin, citing inflation risks and Bitcoin's superior long-term returns. With Meta leaders like Mark Zuckerberg showing interest in Bitcoin, the proposal highlights its 124% surge in 2024 and significant outperformance over bonds. Peck's initiative aligns with a growing trend of corporate Bitcoin adoption, as seen with companies like MicroStrategy.
Ethan Peck has proposed that Meta convert a portion of its $72 billion cash reserves into Bitcoin to hedge against inflation, citing a 28% loss in cash value over time. Peck, representing his family's shares, argues that Meta's directors benefit from Bitcoin, questioning why shareholders shouldn't receive similar asset allocation strategies. Meanwhile, previous proposals for Microsoft and Amazon to adopt Bitcoin have faced resistance, with concerns over volatility and the companies' strong market positions.
Meta has been urged to consider a Bitcoin Treasury shareholder proposal, advocating for the addition of Bitcoin to its corporate treasury, similar to initiatives by Microsoft and Amazon. The National Center for Public Policy Research highlights Bitcoin's potential as a hedge against inflation, citing successful corporate adoption by companies like MicroStrategy and Tesla. If accepted, this move could position Meta as a leader in corporate Bitcoin adoption, reflecting its commitment to innovation and financial resilience.
Ethan Peck
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