Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here’s What It Means For Investors

The shareholders of Mark Zuckerberg’s Meta Platforms Inc. (NASDAQ:META) have reportedly requested its Board of Directors to conduct an assessment and determine if adding Bitcoin (CRYPTO: BTC) to the company’s treasury will be in the best interest of the company.

What Happened: This request for assessment follows a proposal submitted by the company’s shareholder Ethan Peck.

Peck is a deputy director for the National Center for Public Policy Research’s ‘Free Enterprise Project’, which is the conservative movement’s only full-service shareholder activism and education program. The organization has also submitted similar proposals to Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN) as well.

Meta did not immediately respond to Benzinga’s request for comment.

Tim Kotzman, the CEO and founder of Jubilee Royalty, shared a copy of this proposal in an X post dated Jan. 11.

Full story available on Benzinga.com