PK Press Club – Mark Zuckerberg, who named his pet “goat”, was proposed to add Bitcoin to Meta (Facebook) holdings.
According to podcaster and Jubilee Royalty CEO Tim Kotzman, a Bitcoin Treasury shareholder proposal has been submitted to Meta Platforms Inc (NASDAQ:), marking a significant development in the adoption of Bitcoin as a corporate asset .
The proposal was filed by Ethan Peck, an employee of the National Center for Public Policy Research, on behalf of his family’s actions. This initiative follows similar proposals submitted by the organization to tech giants like Microsoft (NASDAQ:) and Amazon (NASDAQ:).
The proposal likely calls for Meta to consider adding Bitcoin to its corporate treasury, aligning with the growing trend of institutional adoption of cryptocurrencies. If successful, the move could further strengthen Bitcoin’s role as a traditional financial asset and inflation hedge.
The shareholder proposal submitted to Meta presents a compelling argument for the company to consider adding Bitcoin to its corporate treasury.
Ethan Peck, in his supporting statement, highlights the challenges of holding large reserves of cash and bonds in an inflationary environment, noting that these assets diminish shareholder value over time.
He highlights Bitcoin’s superior long-term performance as an inflation-resistant store of value, citing its 124% increase in 2024 and a staggering 1,265% rise over the past five years, significantly outperforming traditional bonds .
Peck also highlights the alignment of Bitcoin adoption with Meta’s innovative ethos, referencing Mark Zuckerberg’s symbolic naming of his goats, “Bitcoin” and “Max,” as well as the director’s favorable stance by Meta, Marc Andreessen, on cryptocurrencies.
He points out that large institutional investors, such as BlackRock (NYSE:), advocate modest allocations of Bitcoin, arguing that a similar strategy could benefit Meta shareholders.
Peck draws attention to broader trends in Bitcoin adoption, including the rapid growth of BlackRock’s Bitcoin ETF, corporate treasury strategies like MicroStrategy’s, and potential government reserves.
The proposal calls for Meta’s board to conduct an evaluation of Bitcoin as a treasury asset, positioning it as an opportunity for Meta to remain a leader in forward-thinking asset management.
He said this approach would honor the company’s tradition of setting technology and financial trends, rather than simply following them.
MicroStrategy is still buying Bitcoin
MicroStrategy continues to strengthen its position as the largest corporate holder of Bitcoin, recently acquiring an additional 1,070 BTC for $101 million, according to a regulatory filing.
This is the company’s ninth consecutive weekly Bitcoin purchase announcement, bringing its total holdings to an incredible 447,470 BTC, currently valued at $44.3 billion.
MicroStrategy has ambitious plans to raise $2 billion through a preferred stock offering, potentially fueling further Bitcoin acquisitions.
With a market capitalization of $93 billion, MicroStrategy now ranks 99th among America’s largest companies, having moved up 16 spots in a single day. It also became the third most traded stock on Monday, after Tesla (NASDAQ:) and Nvidia (NASDAQ:).
