Meta shareholders suggest using a portion of the company's $72 billion cash reserve to purchase Bitcoin

According to beincrypto, Meta shareholder Ethan Peck has submitted a proposal urging the company to allocate part of its $72 billion cash reserve to Bitcoin.

The proposal cites BTC's potential as a hedge against inflation and its superior performance compared to traditional assets. In the proposal, Peck expresses concern about inflation eroding the value of Meta's cash holdings. He believes that Bitcoin, with its strong performance compared to traditional assets, can hedge against inflation while enhancing shareholder value.

Peck listed Bitcoin's impressive returns, noting an increase of 124% in 2024 and an astonishing 1,265% within five years. These figures far exceed the moderate yields from bonds and other traditional financial instruments.

He also highlighted Meta's indirect exposure to cryptocurrency through BlackRock, the company’s second-largest institutional investor which has allocated 2% of their portfolio for enterprises into Bitcoin.