Shareholder pokes Meta to fill corporate treasury with BTC
The post Shareholder pokes Meta to fill corporate treasury with BTC appeared on BitcoinEthereumNews.com.
The allure of a corporate treasury that’s chock-full of cryptocurrency is enticing the National Center for Public Policy Research (NCPPR) yet again. This time, the group has Meta Platforms Inc. in its crosshairs. Ethan Peck, a National Center employee, submitted a Bitcoin Treasury Shareholder Proposal to Meta on behalf of his family’s shares, marking yet another attempt to bring the cryptocurrency to the boardrooms of tech giants. Tim Jotzman, a Bitcoin (BTC) podcast host, shared the proposal on Jan. 10 via a social media post. See below. A #Bitcoin Treasury Shareholder Proposal has been submitted to Meta. The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research – the organization that submitted to $MSFT & $AMZN – informed me he submitted on behalf of his family’s shares. pic.twitter.com/KrAKw7nHwp — Tim Kotzman (@TimKotzman) January 10, 2025 Will corporate treasuries turn into crypto strongholds? Based in Washington, D.C., the NCPPR has been constantly pitching Bitcoin as a hedge against inflation and economic turbulence. They’ve already approached Microsoft Corp. and Amazon.com Inc. with similar pitches. Redmond, Washington-based Microsoft nixed the idea, but Seattle-based Amazon will reportedly consider it at an April meeting of its shareholders. NCPPR seems to be taking a page out of Michael Saylor’s playbook. Saylor, as former CEO and current chair of MicroStrategy, crafted a Bitcoin-heavy corporate strategy and has emerged as a poster child for corporate treasuries filled with crypto. If NCPPR gets its way, Meta and Amazon, like MicroStrategy, will allocate a portion of their respective assets to Bitcoin. Why? They see it as an alternative to lackluster corporate bonds due to its fixed supply. Also, Bitcoin ETFs, or exchange-traded funds, spiked 100% by the end of 2024. That’s quadruple the returns of the S&P 500 index and 35% higher than the…
Filed under: News - @ January 12, 2025 5:24 am