The National Center for Public Policy Research has suggested the idea of a Bitcoin treasury for Amazon. They pointed out that MicroStrategy's stock performed significantly better than Amazon's stock, by 537%, because of their strategy involving Bitcoin.
The National Center for Public Policy Research, a think tank based in Washington DC that supports free markets, has put forth a proposal to Amazon Corp suggesting that they consider implementing a Bitcoin corporate treasury strategy at their shareholder meeting in April 2025.
The think tank's letter criticized the Consumer Price Index (CPI) as an inadequate measure of inflation, stating that the reported inflation rate of 4.95% may not accurately reflect true currency debasement. The authors proposed that the actual inflation rate could be twice as high as the CPI figure.
The letter stated that Amazon's $88 billion in cash and short-term cash equivalents is greatly reduced by this, and in order to safeguard shareholder value, BTC should be utilized as a hedge against this risk. The National Center for Public Policy Research communicated this message.
On December 6, 2024, the value of Bitcoin rose by 131% from the previous year, surpassing the average performance of corporate bonds by 126%. Over the last five years, Bitcoin has seen a 1,246% increase in value, outperforming corporate bonds by an average of 1,242%.
The authors suggest that Amazon should consider allocating at least 5% of its assets to Bitcoin in order to safeguard the value of its treasury assets. They also mentioned the successful Bitcoin treasury strategy adopted by MicroStrategy as a reference.
A proposal from shareholders has been submitted to Amazon. The information is sourced from Tim Kotzman and Dennis Porter
MicroStrategy has the ability to overlook the drop in Bitcoin's price during a bear market, potentially falling to $20,000, according
MicroStrategy is encouraging organizations to consider adopting Bitcoin as part of their treasury management strategy. The company, along with its founder Michael Saylor, played a significant role in promoting the idea of using Bitcoin for corporate treasuries, which is now becoming more popular among businesses and
Based on the MicroStrategy Tracker, the value of the company's Bitcoin holdings has exceeded $40 billion, resulting in a profit of around $17 billion for MicroStrategy.
The latest information on how well MicroStrategy is currently doing can be found in the MSTR Tracker.
MARA, a mining company previously named Marathon Digital, emulated MicroStrategy by issuing a $1 billion convertible note with no interest due in November 2024. The company utilized the raised funds to acquire 6,474 Bitcoin to add to its corporate treasury.
Genius Group, an Artificial Intelligence company, revealed in November that they converted their treasury assets into Bitcoin. They started accumulating BTC for their treasury by buying 110 BTC at an average price of around $90,932 per coin.
Publication: Meitu, often referred to as "China's MicroStrategy," has recently sold off all of its holdings in Bitcoin and Ethereum, according to a report from Asia Express.