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A Meta shareholder proposes to Mark Zuckerberg’s company to convert part of its 72 billion dollars in cash into bitcoin to protect against inflation. This initiative is part of a broader movement aimed at pushing tech giants to diversify their reserves into cryptocurrency.
Ethan Peck, a Meta shareholder, has just submitted a bold proposal to Mark Zuckerberg’s company. His goal: to convert part of Meta’s 72 billion dollars in cash into bitcoin to counter inflation. According to his analysis, Meta may have already lost 28% of the value of its cash due to monetary depreciation.
To support his proposal, Peck relies on compelling figures. He notably points out that bitcoin has outperformed bonds by 1262% over the past five years, thus demonstrating its potential as a store of value.
Peck’s argument takes on a more personal tone as well. He mischievously reminds that Mark Zuckerberg himself named his goats “Bitcoin” and “Max,” while Marc Andreessen, a member of Meta’s board, also sits on the board of Coinbase. “Don’t Meta shareholders deserve the same prudent investment strategy that its leaders adopt?” he questions.
The foundation of this proposal rests on a strong conviction: “Bitcoin, thanks to its verifiable fixed supply, today represents the best protection against inflation,” states the document submitted to shareholders.
A broader movement affecting Silicon Valley
This initiative is part of a wider campaign led by the National Center for Public Policy Research, a think tank based in Washington DC that advocates free market principles. In 2024, the organization has already submitted similar proposals to Microsoft and Amazon, seeking to convince tech giants to invest in bitcoin.
The results so far have been mixed. On December 10, shareholders of Microsoft rejected the proposal to invest 1% of the company’s 484 billion dollars in assets into bitcoin. A similar proposal awaits review at Amazon during the April 2025 annual meeting.
Nick Cowan, CEO of Valereum, explains this reluctance by several factors: the considerable size of these companies, their dominant position in the industry, and especially the inherent volatility of bitcoin which hinders significant cash allocations.
In summary, the proposal submitted to Meta could represent a decisive turning point. If Zuckerberg’s company decided to invest part of its cash into bitcoin, it would create a major precedent likely to influence the entire tech sector.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
