Amazon Shareholders Push for Bitcoin Reserves to Combat Inflation

Amazon's shareholders are advocating for the company to diversify its financial reserves by adopting a Bitcoin (BTC) strategy, mirroring the approach of MicroStrategy (MSTR). The move aims to mitigate inflation risks and enhance long-term shareholder value.

"Bitcoin's volatility is no different from the fluctuations Amazon stock has seen over its history. As a corporation, Amazon must prioritize maximizing shareholder value, both short and long-term. Allocating even a small percentage of reserves to Bitcoin can achieve this without exposing the company to excessive risk," stated a proposal submitted by the National Center for Public Policy Research (NCPPR).

The proposal recommends Amazon invest at least 5% of its assets in Bitcoin, highlighting Bitcoin's impressive 134% rise this year, surpassing $100,000. This growth outpaces major assets like gold and the S&P 500. Moreover, companies like MicroStrategy, which has embraced Bitcoin, have seen extraordinary gains—over 500% this year—compared to Amazon's 49% increase.

By the end of Q3, Amazon reported $585 billion in total assets, with $88 billion in cash, cash equivalents, and marketable securities. Shareholders argue this mix inadequately safeguards value against inflation and suggest incorporating Bitcoin as a high-performing asset to strengthen the balance sheet.

The proposal also cites similar Bitcoin adoption strategies by companies like Tesla and Block, emphasizing that diversifying into Bitcoin aligns with Amazon's fiduciary responsibility.

Notably, the NCPPR submitted a parallel proposal to Microsoft shareholders, urging a vote on Bitcoin adoption scheduled for December 10. This broader push reflects growing shareholder interest in cryptocurrency as a hedge against economic uncertainty.