Amazon Shareholders Propose Adding Bitcoin To Treasury For ‘Best’ Long-Term Interest, Cite Michael Saylor’s MicroStrategy As Example
Posted On December 9, 2024
Following in the footsteps of other Wall Street giants, shareholders of online retail giant Amazon.com Inc. (NASDAQ:AMZN) urged the firm Sunday to consider a Bitcoin (CRYPTO: BTC) treasury strategy to enhance shareholder value in the long run.
What happened: The National Center for Public Policy Research, a U.S.-based think tank advocating free markets, submitted a shareholder proposal requesting that Amazon “conduct an assessment” of keeping approximately 5% of its assets in Bitcoin.
The think tank argued that Amazon wasn’t providing enough value to shareholders by …
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