The board of directors of Meta, a corporation with assets worth $256 billion, has received a proposal to direct part of its funds into bitcoin to hedge against the risk of dollar depreciation.
The proposal to create a reserve in bitcoin was submitted by Tim Kotzman, a representative of the National Center for Public Policy Research (NCPPR), on behalf of some Meta shareholders.
According to him, maintaining reserves in the form of cash is fraught with the loss of 28% of their value due to inflation. At the moment, the first cryptocurrency is the most stable instrument for preserving the company’s capital.
The proposal cites positive comments about Bitcoin from the company’s CEO Mark Zuckerberg and its director Marc Andreessen, who is also a co-founder of a16z.
Earlier, the American alcoholic beverage company Heritage Distilling announced the integration of Bitcoin into its business model and the intention to store the first cryptocurrency.
