Ethan Peck submitted a proposal to Meta, suggesting the company allocate a portion of its $72 billion in cash assets to Bitcoin as a hedge against inflation. Peck claims that Meta's cash assets are diminishing by 28% over time due to inflation and cites Bitcoin outperforming bonds by 1,262% over the past five years. He points out that Meta's leaders, including Mark Zuckerberg and Marc Andreessen, have shown support for Bitcoin, questioning why shareholders should not have similar opportunities for responsible asset allocation. Peck, affiliated with The National Center for Public Policy Research, previously submitted similar proposals to Microsoft and Amazon, advocating for a minimum Bitcoin allocation in corporate treasuries. Nick Cowan, CEO of Valereum, noted that while large tech firms see Bitcoin's potential, concerns about its volatility deter substantial investments in the crypto asset. The movement reflects a growing interest in Bitcoin as a potential treasury asset among major corporations.

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