A Meta shareholder, Ethan Peck, has submitted a proposal urging the tech giant to allocate a portion of its $72 billion in cash and short-term equivalents to Bitcoin. Citing Bitcoin’s fixed supply and resilience to inflation, Peck argued the move could serve as a hedge against the erosion of cash value over time.
Proposal Highlights Bitcoin’s Inflation Hedge Potential
In the proposal, Peck highlighted that inflation is diminishing Meta’s cash assets by 28% and pointed to Bitcoin’s impressive performance, outperforming bonds by 1,262% over the past five years. He added:
“Mark Zuckerberg named his goats ‘Bitcoin’ and ‘Max.’ Meta director Marc Andreessen, who is also a director at Coinbase, has openly praised Bitcoin. Shouldn’t Meta shareholders benefit from the same prudent asset allocation as its executives?”
Peck, an employee of The National Center for Public Policy Research, submitted the proposal on behalf of his family’s Meta shares. The Washington DC-based think tank advocates free-market solutions and has previously submitted similar proposals to Microsoft and Amazon.
Mixed Reactions to Bitcoin Proposals in Big Tech
Peck’s proposal comes as Big Tech companies remain cautious about adopting Bitcoin as a treasury asset. For example:
- Microsoft: Shareholders rejected a similar proposal during a meeting on Dec. 10, 2024. The proposal recommended allocating at least 1% of Microsoft’s $484 billion in assets to Bitcoin.
- Amazon: On Dec. 9, 2024, the National Center for Public Policy Research submitted another Bitcoin treasury diversification strategy to Amazon shareholders for discussion at its April 2025 meeting.
The think tank argued that traditional inflation metrics, such as the Consumer Price Index (CPI), underestimate true inflation, which they believe is closer to double the official figures.
Challenges to Bitcoin Adoption in Big Tech
Despite growing interest, industry experts note that Bitcoin adoption as a treasury asset remains limited among large corporations. Nick Cowan, CEO of fintech firm Valereum, explained why Big Tech companies hesitate:
- Volatility: Bitcoin’s price fluctuations make it a risky asset for firms aiming to maintain stable reserves.
- Lack of Yield: Unlike bonds or other financial instruments, Bitcoin does not generate interest, which makes it less attractive for companies seeking returns on their reserves.
Cowan noted that while Bitcoin offers diversification benefits, major tech firms are cautious due to their dominant positions in highly profitable sectors.
