The National Center for Public Policy Research suggested that Amazon should consider establishing a Bitcoin treasury, citing the success of MicroStrategy's stock compared to Amazon's. MicroStrategy's stock reportedly outperformed Amazon's by 537% thanks to its Bitcoin strategy.
The National Center for Public Policy Research, located in Washington DC and advocating for free markets, has put forth a proposal to Amazon Corp suggesting they consider implementing a Bitcoin (BTC) corporate treasury strategy at their shareholder meeting in April 2025.
As stated in the letter from the research group, the Consumer Price Index (CPI) is being criticized as an inadequate tool for accurately measuring inflation. The current CPI indicates an inflation rate of 4.95%, but the authors of the letter believe that the actual inflation rate could be twice as high as reported.
The letter mentioned that using Bitcoin (BTC) as a hedge against the erosion of Amazon's $88 billion in cash and short-term cash equivalents is important to protect shareholder value. The National Center for Public Policy Research stated this in their communication.
By December 6, 2024, the price of Bitcoin had risen by 131% compared to the previous year, surpassing the average performance of corporate bonds by 126%. Over the past five years, the price of Bitcoin had increased by 1,246%, outperforming corporate bonds by an average of 1,242%.
The authors suggested that Amazon should consider allocating a minimum of 5% of its assets to Bitcoin in order to safeguard the value of its treasury assets. They also referenced the success of MicroStrategy's Bitcoin treasury strategy as a potential model for Amazon to follow.
The proposal from shareholders to Amazon was sourced from Tim Kotzman and Dennis Porter.
MicroStrategy has the ability to overlook the declining prices in the Bitcoin market, even if they were to crash down to $20,000
MicroStrategy has been a driving force in encouraging organizations to consider adopting Bitcoin as part of their treasury assets. The company, led by founder Michael Saylor, played a significant role in popularizing the concept of using Bitcoin for corporate treasuries, a strategy that is now
Based on data from the MicroStrategy Tracker, the value of the company's Bitcoin holdings has surpassed $40 billion, resulting in a profit of around $17 billion for MicroStrategy.
The current performance of MicroStrategy can be found in the MSTR Tracker.
MARAs, previously known as Marathon Digital, raised $1 billion through a convertible note offering with no interest in November 2024, following the example set by MicroStrategy. The company used the funds to buy 6,474 Bitcoin to add to its corporate treasury.
Genius Group, an Artificial Intelligence company, revealed in November that they had converted their treasury assets into Bitcoin. They started accumulating Bitcoin in their treasury by buying 110 BTC at an average cost of around $90,932 per coin.
Article: Meitu, a company often referred to as "China's MicroStrategy," has recently sold all of its Bitcoin and Ethereum holdings, as reported by Asia Express.