Amazon Shareholders Tell Company To Invest At Least 5% Of Its Assets In Bitcoin To Beat Inflation ⋆ ZyCrypto
The post Amazon Shareholders Tell Company To Invest At Least 5% Of Its Assets In Bitcoin To Beat Inflation ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     A group of Amazon shareholders is requesting the American multinational technology company to consider allocating a minimum of 5% of its assets to Bitcoin (BTC) to protect against inflation and boost shareholder value. The proposal was submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank. The decision on whether to adopt Bitcoin comes at a pivotal moment as BTC adoption is becoming institutionalized and could be just months away from becoming a US national reserve asset. Amazon Shareholders Eye Bitcoin Allocation What if Amazon started buying up Bitcoin? That’s the big idea Amazon shareholders are proposing right now. The proposal, shared by Tim Kotzman, recommends adding the apex crypto to Amazon’s treasury as a hedge against inflation and asset diversification strategy. In particular, it calls for the Silicon Valley aristocracy to invest at least 5% of the company’s mammoth $585 billion total assets in BTC. The National Center for Public Policy Research has submitted the attached shareholder proposal to https://t.co/Lve7Kg1nVI, Inc. for consideration at the 2025 annual shareholder meeting. Shareholders request that the Board assess adding #Bitcoin to the Company’s Treasury pic.twitter.com/lsgHC0aGrt — Tim Kotzman (@TimKotzman) December 8, 2024 “Though Bitcoin is currently a volatile asset — as Amazon stock has been at times throughout its history — corporations have a responsibility to maximize shareholder value over the long-term as well as the short-term. Diversifying the balance sheet by including some bitcoin solves this problem without taking on too much volatility,” the proposal reads. Advertisement   Bitcoin, the world’s largest crypto by market cap, has jumped over 130% this year, crossing the long-promised $100,000 milestone in a move that has outshined every major asset, including gold, corporate bonds, and the S&P 500. The proposal urges Amazon’s board to assess whether Bitcoin treasury…
Filed under: News - @ December 9, 2024 11:23 pm