Meta Platforms Inc. shareholders are advocating for Bitcoin to be added to the company’s $72 billion cash reserves, citing inflation's impact on purchasing power.
Led by Ethan Peck, the proposal highlights Bitcoin’s potential as an inflation hedge, pointing to its 124% growth in 2024 and 1,265% rise over the past five years, far outperforming traditional investments like bonds.
Critics warn of Bitcoin’s volatility and regulatory risks, but proponents argue it offers long-term protection against inflation.
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Peck’s call aligns with a broader trend of corporate Bitcoin adoption, as seen with companies like MicroStrategy and BlackRock, the latter of which has launched a record-breaking Bitcoin ETF.
Advocates believe integrating Bitcoin into Meta’s treasury could demonstrate innovation and align the company with forward-thinking financial strategies. Whether Meta will consider the move remains uncertain.