Amazon seeks to invest in Bitcoin

A group of Amazon shareholders has urged the company to allocate at least 5% of its assets to invest in Bitcoin.

The proposal comes from the National Center for Public Policy Research (NCPPR), which sees Bitcoin as a hedge against inflation and a strategy for expanding and diversifying the company’s assets.

Details of the proposal:
According to Tim Kotzman, a representative of NCPPR, the proposal aims to convince Amazon to add Bitcoin to its balance sheet, pointing to the success of companies like MicroStrategy and Tesla in this area.

The proposal explained that MicroStrategy’s shares, which rely heavily on Bitcoin, have outperformed Amazon’s by 537% over the past year.

The proposal also mentioned that major institutional shareholders in Amazon, such as BlackRock and Fidelity, have Bitcoin exchange-traded funds, strengthening the arguments in favor of Amazon’s adoption of this digital asset.

Amazon has not yet issued an official response to the proposal.

However, the company has previously shown interest in blockchain technologies, particularly in relation to supply chain management, without any clear indication of adopting cryptocurrencies as part of its financial treasury.

Amazon’s board of directors will decide whether to include the proposal at its annual shareholder meeting scheduled for April 2025.

The outcome of the vote will determine whether the company will formally consider investing in Bitcoin, taking into account the recommendations of the board of directors and the institutional positions of major shareholders, such as “Vanguard” and “BlackRock.”