As an analyst, I recently came across a proposal from Ethan Peck, one of Meta’s shareholders, suggesting that the social media giant should consider reallocating a portion of its $72 billion in cash reserves into Bitcoin (BTC). The reasoning behind this suggestion is to safeguard against potential currency debasement.
As an analyst, I’ve observed that Meta is gradually losing approximately 28% of its cash reserves to inflation over time. To substantiate this point, I referenced Bitcoin’s remarkable performance against bonds, which has seen a staggering growth of 1,262% over the past five years. This trend underscores the potential benefits of incorporating such assets into our portfolio strategy. In my proposal, I further emphasized this perspective.
“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?”
In 2024, Peck, who works at The National Center for Public Policy Research – a think-tank based in Washington D.C. advocating for free market policies – presented Bitcoin shareholder proposals to both Microsoft and Amazon. However, when it came to the Meta proposal, he did so on behalf of his family’s personal shares.
Big Tech firms hesitant to adopt Bitcoin as a treasury asset?
In a December 10th gathering, Microsoft shareholders rejected a proposition put forth by a Washington D.C.-based group, which suggested that Microsoft should invest at least 1% of its $484 billion worth of assets in Bitcoin.
In a move scheduled for December 9, 2024, the National Center for Public Policy Research advocated adopting a similar Bitcoin investment approach for corporate treasuries to Amazon’s shareholders. This recommendation is slated for discussion at their annual shareholders meeting in April 2025.
In the presented plan, the group contended that the Consumer Price Index (CPI), which calculates inflation using common household items, may not accurately reflect inflation rates. They proposed that the actual inflation rate could be twice as high as the CPI suggests.
In simpler terms, the head of fintech company Valereum, Nick Cowan, mentioned to CryptoMoon that huge tech corporations may be reluctant to embrace Bitcoin because of their immense size and dominant roles within an already prosperous industry.
As an analyst, I can express that Bitcoin’s significant volatility and limited inherent yield-generating prospects hinder technological companies from assigning 5% or more of their resources to Bitcoin.
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2025-01-11 01:09