Amazon Shareholders Push For 5% Bitcoin Reserve Investment, Point To MicroStrategy Success
Amazon shareholders have urged the company to invest at least 5% of its reserves in Bitcoin (BTC) to beat inflation and boost shareholder value, and cited the performance of Michael Saylor’s MicroStrategy. “At minimum, Amazon should evaluate the benefits of holding some, even just 5%, of its assets in Bitcoin,” a shareholder proposal shared by the National Center for Public Policy Research (NCPPR) said. Amazon Shareholders Say Company Should Look Past Bitcoin Short-Term Volatility While noting the high short-term volatility of Bitcoin’s price, the Amazon shareholders said in their proposal that the company has the “responsibility to maximize shareholder value over the long-term as well as the short-term.” Amazon can accomplish this by diversifying its balance sheet to include holdings in the leading crypto, according to the shareholders’ proposal. At the end of the third quarter, Amazon had $585 billion in total assets, which included $88...