🚀 Shareholders Propose Amazon Make Bitcoin Part of Its Treasury
posted 9 Dec 2024
Amazon’s shareholders proposed that the company allocate 5% of its reserves to Bitcoin. The request submitted by the National Center for Public Policy Research suggests addressing this at the 2025 shareholder meeting.
The request notes Amazon’s having over $585 million in total assets as of September 30, 2024. Of this, $88 billion is held in cash, cash equivalents, and securities like government and corporate bonds.
By simply holding these assets, Amazon doesn't adequately protect billions of dollars in shareholder value according to the proposal. Instead, the company could add assets to its treasury that might appreciate more than bonds.
Shareholders believe Bitcoin fits this strategy, noting the coin increased by 1,246% over the last five years, outperforming bonds by an average of 1,242%. Over the past year alone, BTC grew by 131%, outperforming corporate bonds by 126%.
As an example, MicroStrategy, which holds Bitcoin on its balance sheet, saw its stock outperform Amazon’s stock by 537% in the past year.
Addressing Bitcoin’s volatility, shareholders noted that Amazon stock has also been volatile at times. They emphasized the need for corporations to maximize shareholder value over the long term as well as the short term, suggesting a minimum 5% Bitcoin allocation.
Another tech giant, Microsoft, is also considering adding BTC to its reserves. On December 10, at the company’s annual meeting, shareholders will vote on whether to add BTC. On the same day, MicroStrategy CEO Michael Saylor is set to present a proposal on why investing in Bitcoin would be a good decision.
Another tech giant, Microsoft, is also considering adding BTC to its reserves. On December 10, at the company’s annual meeting, shareholders will vote on whether to add BTC or not. During the meeting, MicroStrategy CEO Michael Saylor is set to present a proposal on why investing in Bitcoin would be a good decision.
Proposal for Amazon to Add Bitcoin to Its Reserves. Source: National Center for Public Policy Research
Shareholders highlighted the rising inflation in the US over the past four years, noting that companies investing wisely can increase shareholder value.
The request notes Amazon’s having over $585 million in total assets as of September 30, 2024. Of this, $88 billion is held in cash, cash equivalents, and securities like government and corporate bonds.
By simply holding these assets, Amazon doesn't adequately protect billions of dollars in shareholder value according to the proposal. Instead, the company could add assets to its treasury that might appreciate more than bonds.
Shareholders believe Bitcoin fits this strategy, noting the coin increased by 1,246% over the last five years, outperforming bonds by an average of 1,242%. Over the past year alone, BTC grew by 131%, outperforming corporate bonds by 126%.
As an example, MicroStrategy, which holds Bitcoin on its balance sheet, saw its stock outperform Amazon’s stock by 537% in the past year.
Addressing Bitcoin’s volatility, shareholders noted that Amazon stock has also been volatile at times. They emphasized the need for corporations to maximize shareholder value over the long term as well as the short term, suggesting a minimum 5% Bitcoin allocation.
Another tech giant, Microsoft, is also considering adding BTC to its reserves. On December 10, at the company’s annual meeting, shareholders will vote on whether to add BTC. On the same day, MicroStrategy CEO Michael Saylor is set to present a proposal on why investing in Bitcoin would be a good decision.
Another tech giant, Microsoft, is also considering adding BTC to its reserves. On December 10, at the company’s annual meeting, shareholders will vote on whether to add BTC or not. During the meeting, MicroStrategy CEO Michael Saylor is set to present a proposal on why investing in Bitcoin would be a good decision.
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