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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