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
billion
in
cash,
cash
equivalents
and
marketable
securities.
This
mix
of
assets
does
not
adequately
protect
shareholder
value,
the
proposal
argued.

The
Amazon
shareholders
also
highlighted
the
phenomenal
performance
of
MicroStrategy’s
stock
(MSTR)
this
year.
In
2024,
MSTR
has
soared
over
500%,
while
Amazon’s
stock
only
posted
a
49%
rise
during
the
same
period.
MSTR
has
also
outperformed
gold
and
the
S&P
500
in
the
last
12
months.

Apple,
Google,
Amazon,
Microsoft
and
these
10
companies
hold
$811
BILLION
in
cash.
ZERO

#Bitcoin

Every
year
cash
loses
purchasing
power.

They
should
buy
a
little
₿itcoin.

“…in
case
it
catches
on”.
????

pic.twitter.com/f6UfpAom1B

—
Bitcoin
Archive
(@BTC_Archive)

December
8,
2024

MSTR’s
performance
comes
after
the
flagship
cryptocurrency
surged
more
than
134%
this
year,
piercing
the
psychological


$100K

barrier
recently.

MicroStrategy
is
the
world’s
biggest
corporate
holder
of
Bitcoin.
It
holds
402,100
BTC
worth
about
$39
billion.

Microsoft
Shareholders
To
Make
Bitcoin
Investment
Decision
Tomorrow

The
NCPPR
also
submitted
a
similar
proposal
to
software
giant
Microsoft
from
its
shareholders.
The
company’s
board
has
already
urged
the
firm’s
shareholders
to
reject
the
proposal.
Meanwhile,
Saylor
gave
a
presentation
earlier
to
Microsoft’s
board
about
the
benefits
of
investing
in
Bitcoin.

Now,
Microsoft
shareholders
are
scheduled
to
vote
on
the
proposed
diversification
into
BTC
tomorrow
during
the
company’s
annual
shareholder
meeting.

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