A Meta shareholder has proposed allocating a portion of the company's $72 billion cash reserves in Bitcoin as a hedge against inflation and declining buying power of traditional fiat currencies.
The proposal highlights the increasing adoption of Bitcoin by institutions and raises discussions about managing treasury funds in the evolving financial landscape.
Meta has a history of involvement in the cryptocurrency field, and allocating some reserves to Bitcoin aligns with their vision of embracing disruptive innovations.
While the move could set a precedent for other tech giants and corporations, it also carries risks such as price volatility and regulatory scrutiny.