Meta Shareholders Propose Bitcoin Strategy to Protect $72B Reserves from Inflation
- Shareholders suggest Meta assess Bitcoin as a potential treasury asset.
- The proposal cited $72 billion in cash reserves as vulnerable to inflation.
- Shareholder Ethan Peck emphasizes value preservation strategies with Bitcoin.
Meta Platforms Inc. shareholders are pushing the company to consider adding Bitcoin to its treasury as they’re worried about inflation eating away at the company’s $72 billion in cash reserves.
Shareholder Ethan Peck is leading the charge calling for a formal assessment to determine if incorporating Bitcoin into Meta’s treasury could help preserve value in light of rising inflation. Peck stated that Meta’s cash holdings are “consistently being debased” by inflation, emphasizing the need for value-preserving strategies.
Meta’s Financial Picture
As of its latest financial reports, Meta maintains a robust cash position: $72 billion in cash and cash equivalents, part of its $256 billion in total assets as of September 30, 2024. This provides the flexibility to consider alternative investments.
However, with inflation eroding the purchasing power of traditional currencies, companies like MicroStrategy have turned to Bitcoin as p…
The post Meta Shareholders Propose Bitcoin Strategy to Protect $72B Reserves from Inflation appeared first on Coin Edition.
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Meta Shareholders Propose Bitcoin Strategy to Protect $72B Reserves from Inflation
- Shareholders suggest Meta assess Bitcoin as a potential treasury asset.
- The proposal cited $72 billion in cash reserves as vulnerable to inflation.
- Shareholder Ethan Peck emphasizes value preservation strategies with Bitcoin.
Meta Platforms Inc. shareholders are pushing the company to consider adding Bitcoin to its treasury as they’re worried about inflation eating away at the company’s $72 billion in cash reserves.
Shareholder Ethan Peck is leading the charge calling for a formal assessment to determine if incorporating Bitcoin into Meta’s treasury could help preserve value in light of rising inflation. Peck stated that Meta’s cash holdings are “consistently being debased” by inflation, emphasizing the need for value-preserving strategies.
Meta’s Financial Picture
As of its latest financial reports, Meta maintains a robust cash position: $72 billion in cash and cash equivalents, part of its $256 billion in total assets as of September 30, 2024. This provides the flexibility to consider alternative investments.
However, with inflation eroding the purchasing power of traditional currencies, companies like MicroStrategy have turned to Bitcoin as p…
The post Meta Shareholders Propose Bitcoin Strategy to Protect $72B Reserves from Inflation appeared first on Coin Edition.
Read More