A Meta shareholder has proposed the company allocate part of its $72B cash reserves to Bitcoin, citing inflation risks and Bitcoin’s strong performance (124% gain in 2024, 1,265% over 5 years). The proposal aligns with broader corporate Bitcoin adoption efforts, following similar pushes at Microsoft and Amazon. Meta’s indirect crypto exposure through BlackRock, its second-largest investor, adds weight to the argument. CEO Mark Zuckerberg’s influence could be pivotal. Advocates argue Bitcoin offers a hedge against inflation and positions companies for the digital economy. While Microsoft rejected a similar proposal, the trend reflects growing institutional interest in Bitcoin.

Reply to this note

Please Login to reply.

Discussion

No replies yet.