Amazon (AMZN) shareholders are calling on the company to take a cue from MicroStrategy (MSTR) by diversifying its reserves into Bitcoin (BTC) to beat inflation and increase shareholder value. There is.
“While Bitcoin is currently a volatile asset, as Amazon stock has been at times throughout its history, companies have a responsibility to maximize shareholder value not only in the short term but also in the long term. “The solution could be to diversify the balance sheet by incorporating coins,” according to a shareholder proposal shared by the conservative think tank National Center for Public Policy Research (NCPPR).
“Amazon should evaluate the merits of holding at least a portion of its assets, even 5%, in Bitcoin,” the proposal added.
Bitcoin, the top cryptocurrency by market capitalization, has soared 134% this year, topping the $100,000 mark, outpacing every major asset, including gold and the S&P 500. However, the stock price of Bitcoin holder MicroStrategy is even more important. It rose more than 500% compared to Amazon's 49% rise.
While the shareholder proposal highlights MSTR's outperformance and BTC adoption by companies like Tesla and Block, it also urges online retailers to invest in short-term investments in assets like BTC that are more valuable than bonds and more valuable than bonds. He emphasized that there is a duty on the fiduciary to go beyond fluctuations and add them to the assets. The Ministry of Finance.
At the end of the third quarter, Amazon had total assets of $585 billion, of which $88 billion was cash, cash equivalents, and marketable securities, including Treasury, foreign government, and corporate debt. The proposal says the asset structure does not adequately protect shareholder value.
Last month, NCPPR filed a similar shareholder filing from Microsoft shareholders, urging the tech giant to diversify into Bitcoin. Microsoft shareholders are scheduled to vote on the Bitcoin consideration proposal on December 10th.
