Bitcoin corporate treasury shareholder proposal submitted to Meta
“Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available,” the proposal read.
A Meta shareholder proposal submitted by Ethan Peck requested that the social media company convert a portion of its $72 billion in cash and short-term cash equivalents to Bitcoin as a hedge against currency debasement.
Peck wrote that Meta is losing 28% of its cash assets over time due to inflation and cited Bitcoin outperforming bonds by 1,262% over the past five years as evidence for adopting the asset. Peck also wrote in the proposal:
“Mark Zuckerberg named his goats ‘Bitcoin’ and ‘Max.’ Meta director Marc Andreessen has praised Bitcoin and is also a director at Coinbase. Do Meta shareholders not deserve the same kind of responsible asset allocation for the Company that Meta directors and executives likely implement for themselves?”
Peck is an employee of The National Center for Public Policy Research — a Washington DC-based think-tank promoting free market policies — which submitted Bitcoin treasury shareholder proposals to Microsoft and Amazon in 2024. However, Peck submitted the Meta proposal on behalf of his family’s shares.
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Big Tech firms hesitant to adopt Bitcoin as a treasury asset?
Microsoft shareholders voted against the proposal submitted by the DC-based organization in a Dec. 10 meeting. The proposal recommended that Microsoft allocate at least 1% of its $484 billion assets to Bitcoin.
On Dec. 9, 2024, The National Center for Public Policy Research proposed the same Bitcoin corporate treasury diversification strategy to Amazon shareholders for consideration at the April 2025 shareholders meeting.
In the proposal, the organization argued that the Consumer Price Index (CPI) — a measure of inflation based on baskets of household goods — is a poor gauge of inflation and suggested that the true inflation rate is double the CPI.
Nick Cowan, CEO of fintech firm Valereum, told that Big Tech companies hesitate to adopt Bitcoin due to their size and positions of strength as industry leaders in a highly profitable sector.
Cowan added that Bitcoin’s high volatility and lack of native yield-bearing opportunities also prevent tech firms from allocating 5% or more of their assets to BTC.