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U.Today – Mark Zuckerberg, famous by the name of his goat, was proposed 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: ), which marks a major advance in the adoption of Bitcoin as a commercial asset.
The proposal was made by Ethan Peck, an employee at the National Center for Public Policy Research, on behalf of his family members. The move follows similar proposals sent by the organization to tech giants such as Microsoft (NASDAQ: ) and Amazon (NASDAQ: ).
The proposal may encourage Meta to consider adding Bitcoin to its trading portfolio, in line with the growing adoption of cryptocurrencies. If successful, this process could further cement Bitcoin’s role as a common financial asset and a hedge against inflation.
A shareholder proposal sent to Meta provides a strong argument for the company to consider adding Bitcoin to its trading portfolio.
Ethan Peck, in his supporting statement, describes the challenges of holding large amounts of cash and bonds in an inflationary environment, stating that these assets reduce shareholder value over time.
He emphasizes Bitcoin’s high long-term performance as a store of stubborn price, citing its increase of 124% in 2024 and a surprising rise of 1,265% in the last five years, more than traditional bonds.
Peck also highlights the compatibility of Bitcoin’s adoption and Meta’s innovations, explaining Mark Zuckerberg’s symbolic name for his goats, “Bitcoin” and “Max,” as well as the good status of Meta’s manager Marc Andreessen on cryptocurrencies.
He emphasizes that institutional investors, such as BlackRock (NYSE:), are advocating modest Bitcoin allocations, arguing that a similar strategy would benefit Meta owners.
Peck points to broader trends in Bitcoin adoption, including the rapid growth of BlackRock’s Bitcoin ETF, investment strategies like MicroStrategy’s and potential government sources.
The proposal calls on Meta’s board to review Bitcoin as an asset class, positioning it as an opportunity for Meta to remain a forward-thinking asset management leader.
He says this approach will honor the company’s tradition of setting technological and financial trends, rather than simply following them.
MicroStrategy is buying Bitcoin
MicroStrategy continues to strengthen its position as the largest holder of Bitcoin, having recently acquired an additional 1,070 BTC for $101 million, according to a regulatory filing.
This marks the company’s ninth consecutive weekly Bitcoin price announcement, bringing its total to a staggering 447,470 BTC, which is currently worth $44.3 billion.
MicroStrategy has aggressive plans to raise $2 billion through a preferred stock offering, which could lead to more Bitcoin revenue.
With a market capitalization of 93 billion dollars, MicroStrategy is now the 99th largest company in the US, with 16 fields in one day. It also became the third most traded stock on Monday, behind Tesla (NASDAQ: ) and Nvidia (NASDAQ: ).
