Shareholders Urge Mark Zuckerberg to Buy Bitcoin for Meta

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It has been suggested that Mark Zuckerberg, known for naming his pet goat after the cryptocurrency, consider adding Bitcoin to Facebook’s (Meta) assets.

As a researcher, I’ve come across an intriguing piece of news: Tim Kotzman, the CEO of Jubilee Royalty and a podcaster, has disclosed that a proposal for Bitcoin Treasury ownership has been put forth to Meta Platforms Inc. This move represents a substantial stride in the integration of Bitcoin as a corporate asset.

Ethan Peck, who works at The National Center for Public Policy Research, put forward a proposal using his family’s stockholdings. This move is part of a series initiated by the organization, as they have previously made similar submissions to companies such as Microsoft and Amazon.

It seems that the suggestion in question might be recommending Meta to think about incorporating Bitcoin into its company funds, mirroring the increasing tendency among institutions to embrace cryptocurrencies. If implemented effectively, this action may bolster Bitcoin’s standing as a conventional financial resource and an inflation-resistant asset.

A proposal regarding Bitcoin Treasury has been put forward by a shareholder, Ethan Peck, to Meta. Notably, Ethan works at The National Center for Public Policy Research, an organization that has also presented similar proposals to Microsoft and Amazon. He shared with me that he submitted this proposal on behalf of his family’s shares.

— Tim Kotzman (@TimKotzman) January 10, 2025

A shareholder’s proposition directed at Meta suggests a strong case for the firm to consider acquiring Bitcoin for its financial reserves.

As a researcher, I’ve been pondering over Ethan Peck’s insights about the predicament of maintaining substantial cash reserves and bonds in an era marked by persistent inflation. His observation is compelling: such assets gradually erode shareholder value as time passes.

As a crypto investor, I can’t help but highlight Bitcoin’s exceptional long-term performance as an inflation-proof store of value. In 2024 alone, it skyrocketed by 124%, and over the past five years, its growth has been nothing short of astounding at 1,265%. Compared to traditional bonds, it’s clear that Bitcoin has outperformed significantly in the investment landscape.

Peck further emphasizes the compatibility between Bitcoin’s growth and Meta’s forward-thinking mindset. This compatibility is underscored by Mark Zuckerberg’s significant naming of his goats, “Bitcoin” and “Max,” as well as Meta director Marc Andreessen’s positive views towards cryptocurrencies.

He emphasizes that prominent investment institutions like BlackRock propose small Bitcoin investments for portfolios, suggesting that adopting a comparable approach might be advantageous to shareholders of companies such as Meta.

Peck highlights the expanding patterns of Bitcoin usage, such as the swift increase in Bitcoin ETFs by companies like BlackRock, strategic approaches to digital assets by corporations like MicroStrategy, and speculations about future government holdings.

The proposition suggests that Meta’s board should assess Bitcoin as a potential investment for the company’s reserves, positioning this move as a chance for Meta to continue leading in innovative financial management strategies.

According to him, this method maintains the company’s reputation for leading the way in both technological and financial innovations, instead of just mimicking existing trends.

MicroStrategy still buying Bitcoin

MicroStrategy is further solidifying its status as the biggest corporate owner of Bitcoin, having just purchased 1,070 more Bitcoins at a cost of $101 million, as stated in a recent filing with regulators.

This represents the ninth straight week that the company has declared its intention to buy Bitcoin, accumulating a staggering 447,470 coins in the process. The current worth of these holdings is approximately $44.3 billion.

MicroStrategy intends to aggressively seek $2 billion by issuing preferred stocks, which could potentially finance more purchases of Bitcoin.

Boasting a market value of approximately $93 billion, MicroStrategy currently stands as the 99th largest American corporation. In just one day, it climbed an impressive 16 positions within the ranking. Moreover, on Monday, it was the third most actively traded stock, trailing behind Tesla and Nvidia.

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2025-01-11 14:41