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Meta urged to invest cash reserves in Bitcoin as inflation hedge
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.
amazon shareholders propose 5 percent asset allocation to bitcoin
Amazon shareholders are advocating for the company to allocate at least 5% of its assets to Bitcoin, citing its strong performance compared to traditional assets like corporate bonds. The proposal, submitted by the National Center for Public Policy Research, suggests that Bitcoin could serve as a hedge against inflation and enhance asset diversification. Amazon's board will review the proposal for potential inclusion in the proxy statement for the annual shareholders meeting scheduled for April 2025.
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