A Meta shareholder has urged the tech giant to allocate a portion of its $72 billion in cash and short-term equivalents to Bitcoin, citing concerns over currency debasement. The proposal, submitted by Ethan Peck, highlights that inflation is eroding 28% of Meta’s cash assets over time. Peck pointed to Bitcoin’s staggering 1,262% outperformance of bonds over the past five years as evidence of its viability as a financial hedge.
Bitcoin as a Hedge Against Inflation
In his proposal, Peck noted Meta CEO Mark Zuckerberg’s playful nod to Bitcoin—naming one of his goats “Bitcoin”—as well as the pro-crypto stance of Meta board member Marc Andreessen, who is also a director at Coinbase. Peck questioned whether Meta shareholders deserved the same forward-thinking asset strategy likely adopted by its executives.
Peck, who works with The National Center for Public Policy Research, submitted the proposal on behalf of his family’s shares. The think tank has been actively advocating for Bitcoin treasury strategies, presenting similar proposals to other corporate giants like Microsoft and Amazon.
Big Tech’s Reluctance to Embrace Bitcoin
Despite the compelling case for Bitcoin, major tech firms remain hesitant to adopt it as a reserve asset. Microsoft shareholders recently rejected a proposal recommending the allocation of at least 1% of the company’s $484 billion in assets to Bitcoin during a December 10 vote.
Meanwhile, Amazon shareholders are set to consider a similar proposal during their April 2025 meeting. The proposal argues that traditional measures of inflation, such as the Consumer Price Index (CPI), fail to capture the true rate of currency devaluation, suggesting that the real inflation rate could be twice as high.
While Bitcoin’s potential as an inflation hedge garners attention, large tech companies seem cautious, possibly due to their secure positions in a highly profitable industry. The hesitation may also stem from concerns about Bitcoin’s price volatility and regulatory uncertainties.
Ethan Peck’s proposal reflects growing interest in Bitcoin as a tool for financial resilience, particularly in an era of rising inflation. However, the lukewarm reception from major corporations underscores the challenges of integrating cryptocurrency into traditional business practices.
