Pakinomist – Mark Zuckerberg, who knew the name of his pet goat, was suggested to add Bitcoin to Meta (Facebook) holdings.
According to podcaster and CEO of Jubilee Royalty 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 motion was filed by Ethan Peck, a staff member at The National Center for Public Policy Research, on behalf of his family’s holdings. This initiative follows similar proposals by the organization to tech giants such as Microsoft (NASDAQ: ) and Amazon (NASDAQ: ).
The proposal likely speaks to Meta considering adding Bitcoin to its corporate treasury, which is in line with the growing trend of institutional adoption of cryptocurrencies. If successful, this move could further strengthen Bitcoin’s role as a mainstream financial asset and hedge against inflation.
The shareholder proposal submitted to Meta presents a compelling argument for the company to explore adding Bitcoin to its corporate treasury.
In his supporting statement, Ethan Peck outlines the challenges of holding large cash reserves and bonds in an inflationary environment, noting that these assets erode shareholder value over time.
He emphasizes Bitcoin’s superior long-term performance as an inflation-resistant store of value, citing its 124% increase in 2024 and a staggering 1,265% increase 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 Meta CEO Marc Andreessen’s positive attitude toward cryptocurrencies.
He emphasizes that large institutional investors, such as BlackRock (NYSE: ), favor modest Bitcoin allocations and argues that a similar strategy could benefit Meta’s 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 of directors to conduct an evaluation of Bitcoin as a treasury asset, positioning it as an opportunity for Meta to remain a leader in wealth management going forward.
This approach, he argues, would honor the company’s tradition of setting technological and financial trends rather than simply following them.
MicroStrategy is still buying Bitcoin
MicroStrategy continues to solidify its position as Bitcoin’s largest corporate holder, recently acquiring an additional 1,070 BTC for $101 million, according to a regulatory filing.
This marks the company’s ninth consecutive weekly announcement of Bitcoin purchases, bringing its total holdings to an astounding 447,470 BTC, currently valued at $44.3 billion.
MicroStrategy has ambitious plans to raise $2 billion through a preferred stock offering, potentially spurring further Bitcoin acquisitions.
With a market capitalization of $93 billion, MicroStrategy now ranks as the 99th largest US company, having jumped 16 places in a single day. It also became the third most traded stock on Monday, behind Tesla (NASDAQ: ) and Nvidia (NASDAQ: ).
