Meta shareholders are proposing to use a portion of the company's $72 billion in cash reserves to buy BTC

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Golden Finance reported that Ethan Peck, a shareholder of Meta, has submitted a proposal urging the company to allocate a portion of its $72 billion cash reserve to BTC. The proposal cites BTC's potential as a hedging against inflation and its superior performance compared to traditional assets. In the proposal, Peck expresses concerns about inflation eroding the cash value held by Meta. He believes that BTC has shown strong performance compared to traditional assets and can hedge against inflation while increasing shareholder value. Peck cites impressive returns of BTC, stating that it rose 124% in 2024 and an astonishing 1,265% in five years. These numbers far exceed the moderate returns of bonds and other TradFi tools. He also emphasizes Meta's indirect exposure to cryptocurrency through its second-largest institutional investor, BlackRock, which has allocated 2% of BTC to the company.

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HappyCoinvip
· 01-13 11:40
#ETH# #BTC# #ACT# #TRUMP# #MAGA#
Today is Monday, January 13, 2025. After two days of Sideways consolidation over the weekend, the market has completed its adjustments. Today, it will start a big pump trend. Prepare your long positions, and for those without long positions, consider opening one. BTC will take profit at 96000, and ETH at 3400. He who desires to achieve great things must be able to endure what ordinary men cannot, tolerate what ordinary men cannot tolerate, and perform what ordinary men cannot perform.
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