A shareholder initiative is pushing the social media giant to invest part of its treasury in Bitcoin.
Ethan Peck, an employee of the National Center for Public Policy Research, has submitted a formal proposal to Meta’s shareholders to allocate part of its $72 billion in cash and short-term cash equivalents to Bitcoin as a treasury asset.
The initiative, made public through a post on X by consultant Tim Jotzman, is part of a broader strategy by the Washington think tank, which in recent months has promoted similar proposals to other tech giants like Microsoft and Amazon.
The document presented to Meta’s shareholders highlights how Bitcoin can serve as an effective hedge against inflation, citing the emblematic case of MicroStrategy. The company led by Michael Saylor has recorded a market-beating performance of 2,191% over the past five years.
The proposal states:
“Meta has the opportunity to lead the corporate adoption of Bitcoin, demonstrating its commitment to innovation and financial resilience.”
If adopted, this strategy by Meta would further solidify Bitcoin’s position as a strategic asset for corporate treasuries.
