Meta Shareholders Call for Bitcoin Reserve to Combat Inflation.Meta shareholders urge adopting Bitcoin as a reserve to counter inflation, citing cash devaluation and Bitcoin's superior long-term performance.
Meta shareholders are asking for the company to establish a Bitcoin reserve in an effort to fight inflation.
Ethan Peck, a Meta shareholder, called for a formal evaluation of the company's financial strategy, after expressing concerns about its cash holdings being devalued.
"Since cash is consistently being debased and bond yields are lower than the true inflation rate, 28% of Meta's total assets are consistently diminishing shareholder value by sitting on the balance sheet," Peck wrote in an assessment.
XPeck is also an employee at The National Center for Public Policy Research (NCPR) - the same organization that pushed Microsoft and Amazon to adopt Bitcoin in their reserves.
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