“The Board of Directors of the Meta Corporation was offered to direct part of the liquid $72 billion into Bitcoin as a hedge against the devaluation of the dollar. 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 […]”, — write: businessua.com.ua
The Board of Directors of the Meta Corporation was offered to direct part of the liquid $72 billion into Bitcoin as a hedge against the devaluation of the dollar.
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 that he submitted on behalf of his family’s shares. pic.twitter.com/KrAKw7nHwp
— Tim Kotzman (@TimKotzman) January 10, 2025
The statement was sent by an employee of The National Center for Public Policy Research (NCPPR) on behalf of his relatives who own shares of the tech giant.
The author of the initiative explained that maintaining reserves in the form of cash and equivalents risks losing 28% of their value due to inflation.
“Due to its fixed, verifiable supply, digital gold is the most sustainable capital preservation tool,” it said.
The proposal cites positive comments about Bitcoin from CEO Mark Zuckerberg and Marc Andreessen, who is a director and co-founder of a16z.
By the end of 2024, only 0.01% of publicly traded companies in the world owned the first cryptocurrency, according to OKG Research.
We will remind you that in December, only 0.55% of Microsoft shareholders approved the creation of a bitcoin reserve.
Previously, NCPPR made a similar proposal to holders of Amazon securities.
The source