Amazon shareholders urge company to allocate at least 5% of its assets to Bitcoin
Key Takeaways
- Amazon shareholders are advocating for at least 5% of company assets to be allocated to Bitcoin.
- The proposal points out that Bitcoin has outperformed other assets such as corporate bonds in recent years.
A group of Amazon shareholders is pushing for the company to allocate a minimum of 5% of its assets to Bitcoin, through a proposal submitted by the National Center for Public Policy Research (NCPPR), a free-market principles advocacy think tank.
The proposal, shared by Tim Kotzman, recommends Bitcoin addition to Amazon’s treasury as a hedge against inflation and asset diversification strategy. It cites Bitcoin’s superior performance compared to traditional assets like corporate bonds, while pointing to existing Bitcoin investments by companies such as MicroStrategy and Tesla.
“MicroStrategy, which holds Bitcoin on its balance sheet, has had its stock outperform Amazon stock by 537% in the previous year. And they’re not alone. Institutional and corporate Bitcoin adoption is becoming more commonplace: more public companies such as Tesla and Block have added Bitcoin to their balance sheets, Amazon’s second and fourth largest institutional shareholders—BlackRock and Fidelity, respectively—offer their clients a Bitcoin ETF, and the US government may form a Bitcoin strategic reserve in 2025,” the letter wrote.
