Shareholders of Meta, Mark Zuckerberg’s company that runs Facebook and Instagram, have sent a letter to the company asking it to seriously consider including bitcoin (BTC) in its corporate treasury. According to the document shared on social media today, the company with more than $250 billion in total assets should exchange them “to an asset that has increased 124% in the last year.”
Tim Kotzman shared on social network X a letter that he claims to have received directly from Ethan Peck, an employee of the National Center for Public Policy Research (the same one that presented a similar proposal to Microsoft), who managed this request to Meta on behalf of his family.
In the document, the shareholders point out that since Meta's corporate reserve is in cash and marketable securities, including US government bonds, the company has a duty to explore other possibilities to replace part of these assets, taking into account that 28% of these total funds are losing real value for shareholders.
They add that bitcoin, due to its verifiable fixed supply, is presented as an inflation-resistant store of value , significantly outperforming bonds in yield. The shareholders then specify that since December 20, 2024, the price of bitcoin has increased by 124% compared to the previous year, and over the past five years, its value has grown by 1265%.
The letter also highlights implicit support for bitcoin from figures within Meta, mentioning that founder and CEO Mark Zuckerberg named his goats “Bitcoin” and “Max.” Additionally, it mentions that BlackRock, Meta’s second-largest institutional shareholder, has suggested that a 2% allocation to bitcoin is reasonable.
“Shareholders request that the Audit Committee conduct an assessment to determine whether adding Bitcoin to the Company’s treasury is in the best interests of shareholders,” the document reads at the end.
If the proposal is approved, the company would allocate at least $1.6 billion to buy bitcoin, as highlighted by a Bitcoin Magazine journalist. “Meta should evaluate the benefits of exchanging even just a small percentage of its cash and bonds for Bitcoin,” is the request submitted to the company.
