A Meta shareholder is proposing that Mark Zuckerberg's company convert part of its $72 billion in cash into bitcoin to protect against inflation. This initiative is part of a broader movement aimed at pushing tech giants to diversify their reserves into cryptocurrency.
Will Meta be able to invest its billions in Bitcoin?
Ethan Peck, shareholder of Meta, has just submitted a bold proposal to Mark Zuckerberg's company. Its objective: to convert part of Meta's $72 billion in cash into bitcoin to counter inflation. According to his analysis, Meta has already lost 28% of the value of its liquid assets due to currency depreciation.
To support his proposition, Peck relies on telling figures. He emphasizes in particular that the bitcoin outperformed bonds by 1262% over the last five years, thus demonstrating its potential as a store of value.
Peck's argument also takes a more personal turn. He mischievously recalls that Mark Zuckerberg himself named his goats “Bitcoin” and “Max”, while Marc Andreessen, member of the board of directors of Meta, also sits on the board of Coinbase. “ Don't Meta's shareholders deserve the same sound investment strategy as that adopted by its leaders? » he asks.
The basis of this proposal is based on a strong conviction: “ Bitcoin, thanks to its verifiable fixed supply, today represents the best protection against inflation“, states the document submitted to shareholders.
A broader movement affecting Silicon Valley
The initiative is part of a broader campaign led by the National Center for Public Policy Research, a Washington, DC-based think tank that advocates free market principles. In 2024, the organization has already submitted similar proposals to Microsoft and Amazon, seeking to convince the tech giants to invest in bitcoin.
The results so far remain mixed. On December 10, Microsoft shareholders rejected a proposal to invest 1% of the company's $484 billion in assets in bitcoin. A similar proposal awaits consideration at Amazon at the April 2025 general meeting.
Nick Cowan, CEO of Valereum, explains this reluctance by several factors: the considerable size of these companies, their dominant position in the industry, and above all the volatility inherent in bitcoin which slows down large allocations of cash.
In short, the proposal submitted to Meta could mark a decisive turning point. If Zuckerberg's company decided to invest part of its cash in bitcoin, it would set a major precedent that could influence the entire technology sector.
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