“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 (BTC) 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:
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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