Meta faces shareholder push for Bitcoin treasury investment

A new shareholder proposal urges Meta to convert part of its US$72 billion cash reserves into Bitcoin as a hedge against inflation, highlighting growing pressure on tech giants to diversify their treasury holdings.

The proposal, submitted by Ethan Peck on behalf of his family’s shares, argues that Meta is losing 28% of its cash value to inflation and points to Bitcoin’s 1,262% outperformance of bonds over five years. 

Peck also referenced personal connections between Meta leadership and cryptocurrency, noting CEO Mark Zuckerberg’s Bitcoin-named goats and director Marc Andreessen’s position on Coinbase’s board.

This initiative follows similar proposals at other tech giants. Microsoft shareholders recently rejected a recommendation to allocate 1% of its US$484 billion assets to Bitcoin (though the company’s leadership left the door open for future Bitcoin investment), while Amazon faces a similar proposal for its April 2025 shareholder meeting.

The proposal echoes a growing debate about corporate treasury management in an inflationary environment, with proponents arguing that traditional inflation metrics understate actual currency devaluation.

This development represents increasing shareholder interest in cryptocurrency as a treasury management tool, for which some resistance may have to be overcome for Bitcoin treasuries to be commonplace among major tech firms.

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