1
0
Meta Platforms Inc. shareholders are pushing the company to consider adding Bitcoin to its treasury as theyâre worried about inflation eating away at the companyâs $72 billion in cash reserves.
Shareholder Ethan Peck is leading the charge calling for a formal assessment to determine if incorporating Bitcoin into Metaâs treasury could help preserve value in light of rising inflation. Peck stated that Metaâs cash holdings are âconsistently being debasedâ by inflation, emphasizing the need for value-preserving strategies.
As of its latest financial reports, Meta maintains a robust cash position: $72 billion in cash and cash equivalents, part of its $256 billion in total assets as of September 30, 2024. This provides the flexibility to consider alternative investments.Â
However, with inflation eroding the purchasing power of traditional currencies, companies like MicroStrategy have turned to Bitcoin as pâŠ
The post Meta Shareholders Propose Bitcoin Strategy to Protect $72B Reserves from Inflation appeared first on Coin Edition.
1
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youâre using to start.
0
0
![META [Old]](https://static.coinstats.app/coins/meta-2Ngo.png)
