Bitcoin Strategic Reserve Proposed To Facebook
Ethan Peck, a shareholder in Meta, Facebook’s parent company, proposed that the social media company convert some of its $72 billion in cash and short-term cash equivalents to Bitcoin to protect itself from currency devaluation.
Bitcoin has outperformed bonds by 1,262 percent over the last five years, according to Peck, who noted that inflation is causing Meta to lose 28% of its cash assets over time.
Peck works for The National Center for Public Policy Research, a think tank that advocates for free market policies based in Washington, DC. The group presented bITCOIN proposals to Microsoft and Amazon shareholders in 2024
“Mark Zuckerberg named his goats ‘Bitcoin’ and ‘Max,'” Peck added in the proposal. ‘Aren’t Meta shareholders entitled to the same prudent asset allocation for the company that Meta executives and directors probably do for themselves? he added.
Microsoft shareholders rejected the Bitcoin Strategic Reserve proposal put forth by the Washington, DC-based company. The same Bitcoin corporate treasury diversification plan was presented to Amazon shareholders on April 9, 2024, by the National Center for Public Policy Research, for their consideration at the April 2025 shareholders meeting.
. According to the proposal, the organization claimed that the Consumer Price Index (CPI), which is a measure of inflation based on baskets of household goods, is an inadequate indicator of inflation and that the real rate of inflation is twice that of the CPI.

