Bitcoin Treasury Proposal Urges Meta to Convert $72B into BTC

Highlights:

• Ethan Peck proposes converting Meta’s $72 billion into Bitcoin as a hedge.
• The proposal highlights that Bitcoin outperformed bonds, surging 1,265% in five years.
• National Center pushes Bitcoin adoption, citing corporate success like MicroStrategy.

Tim Kotzman, a consulting businessman and Bitcoin advocate, announced on social media that Ethan Peck, a National Center for Public Policy Research (NCPPR) staff member, submitted a shareholder proposal to Meta.

The proposal, submitted on behalf of Peck’s family holdings in Meta, suggests converting part of Meta’s $72 billion in cash and short-term equivalents into Bitcoin (BTC) as a hedge against currency debasement. Meta’s total assets amounted to $256 billion as of September 30 last year.

According to the proposal, Bitcoin’s price surged by 124% by the end of last year, outperforming bonds. Over the past five years, Bitcoin’s price rose by 1,265%, while bonds trailed with a 1,245% return difference. Amid this, Bitcoin’s price has fluctuated between a daily high of $95,770 and a low of $92,250.

A #Bitcoin Treasury Shareholder Proposal has been submitted to Meta.

The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research – the organization that submitted to $MSFT & $AMZN – informed me he submitted on behalf of his family’s shares. pic.twitter.com/KrAKw7nHwp

— Tim Kotzman (@TimKotzman) January 10, 2025

Meta is known for its innovative approach to technology. The proposal highlights how Bitcoin fits with Meta’s legacy. CEO Mark Zuckerberg and board member Marc Andreessen have shown interest in blockchain and cryptocurrency. The proposal suggests adopting Bitcoin would strengthen Meta’s position as a leader in innovation and financial stability.

Peck wrote:

“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?”

National Center Advocates Bitcoin as Corporate Hedge Amid Rising Economic Risks

The National Center, a Washington-based think tank, has been pushing for corporations to consider Bitcoin as a hedge against inflation and economic risks. In December last year, its Free Enterprise Project presented a proposal at Microsoft’s shareholder meeting. The proposal urged the company to evaluate Bitcoin’s potential as a treasury asset. This initiative gained significant attention, with MicroStrategy Chairman Michael Saylor publicly supporting the proposal. He emphasized Bitcoin’s inflation-resistant qualities.

Last month, the National Center also presented a Bitcoin Treasury proposal to Amazon. It recommended that the company allocate 5% of its assets to Bitcoin. The National Center’s proposal to Meta strengthens its advocacy for BTC. It highlights Bitcoin’s fixed supply and growing appeal as a strategic asset for institutional investors. The proposal also cites examples of corporate adoption, such as MicroStrategy. It further points to developments like the rising interest in BlackRock’s Bitcoin ETF.

The National Center’s proposals reflect a growing trend where institutional investors and activists push for Bitcoin as a treasury asset. Companies like MicroStrategy have set benchmarks for Bitcoin integration. The proposal points out that their stock has exceeded market performance by 2,191% in five years.

Bitcoin as a Reserve Asset Gains Momentum

This push for Bitcoin as a reserve asset is gaining traction beyond corporations. Recently, a bill was introduced in the New Hampshire legislature, allowing the state treasury to hold Bitcoin alongside precious metals like gold and silver. Similarly, public companies, such as Heritage Distilling Holding Company and Genius Group Ltd, have embraced Bitcoin. Genius, for instance, invested $5 million in Bitcoin as part of its BTC-first strategy.