ch0k1 on Nostr: Meta Shareholder Calls for Bitcoin to Preserve the Company’s $72B Cash Reserves ...
Meta Shareholder Calls for Bitcoin to Preserve the Company’s $72B Cash Reserves
https://techstory.in/meta-shareholder-calls-for-bitcoin-to-preserve-the-companys-72-billion-cash-reserves/
Through a letter, one of the Meta shareholders recommended that at least a portion of the company’s $72 Billion cash reserves be allocated in Bitcoin to serve as a hedge against inflation, as well as to protect with the declining buying capacity traditional fiat currencies entail. This hitherto difficult proposition emphasizes the fact that Bitcoin is increasingly emerging as an alternative investment for institutions and propels the ongoing discussions concerning the management of treasury funds for firms in the fast-evolving financial landscape.
originally posted at https://stacker.news/items/849875
https://techstory.in/meta-shareholder-calls-for-bitcoin-to-preserve-the-companys-72-billion-cash-reserves/
Through a letter, one of the Meta shareholders recommended that at least a portion of the company’s $72 Billion cash reserves be allocated in Bitcoin to serve as a hedge against inflation, as well as to protect with the declining buying capacity traditional fiat currencies entail. This hitherto difficult proposition emphasizes the fact that Bitcoin is increasingly emerging as an alternative investment for institutions and propels the ongoing discussions concerning the management of treasury funds for firms in the fast-evolving financial landscape.
originally posted at https://stacker.news/items/849875