In a bid to safeguard value against potential inflation and diversify portfolios, a group of Amazon shareholders is urging the company to allocate at least 5% of its total assets to Bitcoin. The proposal, filed with the SEC last week by the National Center for Public Policy Research (NCPPR) and shared on X by Tim Kotzman, calls for Amazon to consider incorporating digital currency into its treasury account. It highlights Bitcoin’s remarkable performance compared to traditional assets like corporate bonds.
The NCPPR’s letter points to Bitcoin’s explosive growth, with a 131% increase in 2024 alone and a staggering over 1,200% surge in the past five years, making it an appealing hedge against inflation. Given Amazon’s $585 billion in assets, including $88 billion in cash and bonds, an investment in Bitcoin is seen as a means to enhance the company’s long-term value.
The letter also mentions other leading companies such as MicroStrategy, whose stock price has soared 537% in the last year due to significant Bitcoin holdings. Tesla and Block (formerly Square) have also embraced the asset, strengthening Bitcoin’s standing in corporate finance.
The proposal asks Amazon’s board to carefully assess whether a Bitcoin allocation would be in the long-term best interests of shareholders. While Amazon has remained silent publicly, it has shown an interest in blockchain technology for supply chain management and might be receptive to further exploration in this domain.
The NCPPR’s attempt to introduce Bitcoin into Amazon’s strategy is part of a broader institutional drive to incorporate the asset into corporate strategies. In October, a similar proposal was made to Microsoft, which will vote on the matter at its shareholder meeting on December 10. The NCPPR warns that if Microsoft rejects the plan and Bitcoin’s value continues to ascend, the company could face shareholder litigation.
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