Ethan Peck Proposes Bitcoin Addition to Meta's $72 Billion Treasury, Valued at $1.6 Trillion

Jan 10, 2025, 08:15 PM

Ethan Peck, an employee at The National Center for Public Policy Research, has submitted a proposal to Meta Platforms Inc. to assess the addition of Bitcoin to its treasury. This proposal, filed on behalf of his family's shares, follows Peck's previous submissions to Microsoft and Amazon. Currently, Meta holds approximately $72 billion in cash, which has been described as 'consistently being debased.' Shareholders are requesting that the company evaluate whether incorporating Bitcoin into its treasury would serve the best interests of its shareholders. The proposal comes amid growing interest in cryptocurrency as a treasury asset.