The post Why Shareholders Want Amazon to Bet on Bitcoin? appeared on BitcoinEthereumNews.com.

What if Amazon added Bitcoin to its balance sheet? With BTC up 125% this year, some shareholders argue it’s the perfect moment to explore the crypto market. Amazon under pressure to add Bitcoin to reserves Amazon, one of the largest and most influential companies in the world, is facing increasing pressure from its shareholders to diversify its financial reserves by adding Bitcoin (BTC) to the mix.  Shareholders have pushed for Amazon to at least consider holding a small percentage of its reserves in Bitcoin — just 5%, according to one proposal from the National Center for Public Policy Research.  This suggestion stems from a growing trend seen in other major corporations, such as MicroStrategy, Tesla, and Block, all of which have embraced Bitcoin as a hedge against inflation and a way to potentially enhance long-term shareholder value. Bitcoin remains a volatile asset, often subject to dramatic swings in price. However, proponents argue that, much like Amazon’s own stock, Bitcoin’s volatility should not overshadow its potential to outperform traditional assets like bonds.  As of Dec. 9, Bitcoin has already proven to be a strong performer, having surged by 125% this year alone, far surpassing the performance of traditional investment vehicles, including gold and the S&P 500. In comparison, MicroStrategy, which has heavily invested in Bitcoin, has seen its stock price nearly 450%, outperforming Amazon’s own 51% gain over the same period.  Shareholders argue that with $585 billion in total assets — $88 billion of which is held in cash and low-yielding investments like bonds—Amazon should reconsider its investment strategy.  Microsoft facing its own Bitcoin dilemma Not just Amazon — Microsoft is also facing a similar crossroads when it comes to Bitcoin. As the BTC continues its impressive surge, recently topping $100,000, Microsoft shareholders have urged the company to follow in the…

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Filed under: News - @ December 14, 2024 9:12 am