The National Center for Public Policy Research (NCPPR), representing Amazon shareholders, proposed converting "at least 5% of assets" into Bitcoin. The suggestion will be reviewed at the 2025 shareholders' meeting. As of September 30, 2024, Amazon had $88 billion in cash and equivalents, mainly in government and corporate bonds, with returns below inflation.
NCPPR highlighted MicroStrategy's significant returns following its Bitcoin deposits, surpassing Amazon's stocks by 537% in 2023. They also mentioned Bitcoin ETFs by BlackRock and Fidelity, who are major institutional investors in Amazon, suggesting that a Bitcoin reserve could boost shareholder value without added volatility.
Only 0.01% of public companies globally own Bitcoin, showcasing the potential for early adoption. This proposal aligns with recent trends in Bitcoin's increasing appeal, partially driven by changes in the U.S. government and new Bitcoin reserve policies.
