Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
Blockchain_Blockchain Technology - yuyjo.com
  • Home
  • Latest
  • Market
  • Cryptocurrency
  • NFT
  • Crypto Exchange
  • Digital currency
  • Metaverse
No Result
View All Result
Blockchain_Blockchain Technology - yuyjo.com
No Result
View All Result
Advertisements

Amazon Shareholders Push for Bitcoin Investment

gongshang14 by gongshang14
12/11/2024
blank

In a bid to safeguard value against potential inflation and diversify portfolios, a group of Amazon shareholders is urging the company to allocate at least 5% of its total assets to Bitcoin. The proposal, filed with the SEC last week by the National Center for Public Policy Research (NCPPR) and shared on X by Tim Kotzman, calls for Amazon to consider incorporating digital currency into its treasury account. It highlights Bitcoin’s remarkable performance compared to traditional assets like corporate bonds.

Advertisements

The NCPPR’s letter points to Bitcoin’s explosive growth, with a 131% increase in 2024 alone and a staggering over 1,200% surge in the past five years, making it an appealing hedge against inflation. Given Amazon’s $585 billion in assets, including $88 billion in cash and bonds, an investment in Bitcoin is seen as a means to enhance the company’s long-term value.

Advertisements

The letter also mentions other leading companies such as MicroStrategy, whose stock price has soared 537% in the last year due to significant Bitcoin holdings. Tesla and Block (formerly Square) have also embraced the asset, strengthening Bitcoin’s standing in corporate finance.

Advertisements

The proposal asks Amazon’s board to carefully assess whether a Bitcoin allocation would be in the long-term best interests of shareholders. While Amazon has remained silent publicly, it has shown an interest in blockchain technology for supply chain management and might be receptive to further exploration in this domain.

Advertisements

The NCPPR’s attempt to introduce Bitcoin into Amazon’s strategy is part of a broader institutional drive to incorporate the asset into corporate strategies. In October, a similar proposal was made to Microsoft, which will vote on the matter at its shareholder meeting on December 10. The NCPPR warns that if Microsoft rejects the plan and Bitcoin’s value continues to ascend, the company could face shareholder litigation.

Related Topics:

Assange’s Afghan War Logs on Bitcoin Blockchain

Bitcoin HODLers Profit-taking After Hitting $100k+ ATH

What is the Best Bitcoin to Buy

Tags: Bitcoin
Previous Post

Bitcoin MENA 2024 Conference Kicks Off in Abu Dhabi

Next Post

Cryptocurrency Market Plunges, Billions in Liquidations

gongshang14

gongshang14

Related Posts

Russia’s largest bank Sber offers up Bitcoin-linked bonds
Cryptocurrency

Russia’s largest bank Sber offers up Bitcoin-linked bonds

06/04/2025
Crypto lobby pushes Senate to pass stablecoin bill without debate
Cryptocurrency

Crypto lobby pushes Senate to pass stablecoin bill without debate

06/04/2025
Norwegian crypto platform spikes 138% on Bitcoin treasury plan
Cryptocurrency

Norwegian crypto platform spikes 138% on Bitcoin treasury plan

06/04/2025
Coinbase aware of recently disclosed data leak since January: Reuters
Cryptocurrency

Coinbase aware of recently disclosed data leak since January: Reuters

06/04/2025
ConSensys says Web3Auth acquisition to ‘greatly improve’ MetaMask UX
Cryptocurrency

ConSensys says Web3Auth acquisition to ‘greatly improve’ MetaMask UX

06/04/2025
Revolut eyes crypto derivatives push, job listing suggests
Cryptocurrency

Revolut eyes crypto derivatives push, job listing suggests

06/04/2025
Next Post
Cryptocurrency Market Plunges, Billions in Liquidations

Cryptocurrency Market Plunges, Billions in Liquidations

Bitcoin Price Retreats After Rally, Crypto Market in Flux

Bitcoin Price Retreats After Rally, Crypto Market in Flux

How much fee does Binance charge?

How much fee does Binance charge?

Recent Posts

Cryptocurrency and International Economic News Update

Cryptocurrency and International Economic News Update

06/04/2025
Trump’s approval rating hit a new low in his first 100 days in office. The crypto market and global economic policy dynamics are intertwined

Trump’s approval rating hit a new low in his first 100 days in office. The crypto market and global economic policy dynamics are intertwined

06/04/2025
Cryptocurrency market capital fluctuations and account security alerts

Cryptocurrency market capital fluctuations and account security alerts

06/04/2025
The latest news reports on cryptocurrencies and related fields

The latest news reports on cryptocurrencies and related fields

06/04/2025
Binance Alpha: Reshaping Crypto Market Dynamics Through Liquidity and Control

Comprehensive information on cryptocurrencies and financial markets

06/04/2025
CryptoQuant: Bitcoin is at a key support level, and the market is waiting for an entry opportunity after a pullback

CryptoQuant: Bitcoin is at a key support level, and the market is waiting for an entry opportunity after a pullback

06/04/2025
Blockchain_Blockchain Technology - yuyjo.com

Yuyjo is a blockchain portal. Its main columns include Cryptocurrency, NFT, Crypto exchange, Digital currency, Metaverse and other columns. 【Contact us: [email protected]】

Recent News

  • Cryptocurrency and International Economic News Update 06/04/2025
  • Trump’s approval rating hit a new low in his first 100 days in office. The crypto market and global economic policy dynamics are intertwined 06/04/2025
  • Cryptocurrency market capital fluctuations and account security alerts 06/04/2025

TAGS

APENFT Binance Binance Futures Bitcoin CBDC Coinbase Coinbase Account Coinbase Wallet Digital Coin Digital Dollar Digital Rupee Digital Yuan Ethereum Facebook Metaverse Gemini Kraken NFT Coin NFT Collection OKCoin
No Result
View All Result
  • Home
  • Latest
  • Market
  • Crypto Exchange