2024

Bitcoin

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<p><strong>Key Points:</strong></p>  
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 <li><em>Amazon shareholders have proposed allocating at least 5% of the company’s assets to Bitcoin as a hedge against inflation.</em></li>  
 <li><em>The Amazon Bitcoin investment plan aligns with similar actions by companies like Tesla and MicroStrategy.</em></li> 
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<h5 class="wp-block-heading">Amazon shareholders have <a href="https://x.com/TimKotzman/status/1865832907597807992" target="_blank" rel="noopener noreferrer nofollow">filed</a> a proposal for the company to invest some of its assets in Bitcoin, citing the cryptocurrency as an inflation hedge and a means of diversifying a portfolio.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-White-72.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-White-72-1024x576.jpg" alt="Amazon Bitcoin Investment Plan Under Consideration For 5% Asset Allocation" class="wp-image-295975"></a>
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<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/206589-amazons-managed-blockchain-makes-blockchain/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=206589&amp;action=edit" rel="noopener noreferrer nofollow">Amazon’s Managed Blockchain Makes Blockchain Data Accessible To All: Report</a></p>  
<h2 class="wp-block-heading" id="amazon-bitcoin-investment-gets-shareholders-support">Amazon Bitcoin Investment Gets Shareholders' Support</h2>  
<p>The effort, led by the conservative think tank National Center for Public Policy Research, is the latest in a string of companies that have considered Bitcoin as a way to safeguard shareholder value.</p>  
<p>The Amazon Bitcoin investment proposal recommends that the company invest at least 5% of its $585 billion in total assets, with $88 billion in cash and bonds, into <a href="https://coincu.com/295677-bitcoin-in-us-reserves-debate-risks-dollars/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>. For proponents, it outpaces traditional assets such as corporate bonds with its astonishing growth: 131% in 2024 and over 1,200% in the past five years, thus making it an attractive addition to <a href="https://coincu.com/181125-amazon-to-launch-bedrock-chatgpt-rival/" target="_blank" rel="noopener noreferrer nofollow">Amazon</a>'s balance sheet.</p>  
<p>Proponents also point to the success of companies such as <a href="https://coincu.com/295295-7-billion-microstrategy-convertible-notes/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, Tesla, and Block, which have benefited from stock gains tied to their Bitcoin reserves. Indeed, Tesla and MicroStrategy have recorded hundreds of millions of dollars in profits from adding Bitcoin to their balance sheets.</p>  
<p>In a Sunday tweet, former Binance CEO Changpeng Zhao (CZ) weighed in, <a href="https://x.com/cz_binance/status/1865854419331600533" target="_blank" rel="noopener noreferrer nofollow">positing</a> that Amazon could also accept Bitcoin as a means of payment: "Simple. Accept bitcoin payments?</p>  
<h2 class="wp-block-heading" id="bitcoin-s-greater-use-in-inflation-protection-strategies">Bitcoin's Greater Use in Inflation Protection Strategies</h2>  
<p>The Amazon Bitcoin investment plan is one of many proposals that have gone before major corporations. Last month, an October letter was sent by the NCPPR to Microsoft urging the company to adopt Bitcoin.</p>  
<p><a href="https://coincu.com/288922-microsoft-rejects-bitcoin-investment-proposal/" target="_blank" rel="noopener noreferrer nofollow">Microsoft's board recommended against it</a>, citing consideration of various investment avenues, including Bitcoin, so a vote by the tech giant's shareholders this coming December 10 could help shape future strategies for corporate Bitcoin uses.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Amazon Bitcoin Investment Plan Under Consideration For 5% Asset Allocation

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