According to beincrypto, Meta shareholder Ethan Peck has submitted a proposal urging the company to allocate a portion of its $72 billion cash reserves to Bitcoin. The proposal cites BTC's potential as a hedge against inflation as well as its superior performance compared to traditional assets. In the proposal, Peck expressed concern about inflation eroding the value of the cash held by Meta. He believes that Bitcoin has performed strongly compared to traditional assets and can hedge against inflation while improving shareholder value. Peck cited Bitcoin's impressive returns, pointing to a 124% increase in 2024 and a staggering 1,265% increase in five years. These figures far exceed the modest yields on bonds and other traditional financial instruments. He also highlighted Meta's indirect exposure to cryptocurrencies through BlackRock, the company's second-largest institutional investor, which has allocated 2% of bitcoin to businesses.