Microsoft, Amazon Investors Eye Bitcoin Investments Amid MicroStrategy’s Success
Posted On December 10, 2024
Investors in Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN) are evaluating proposals to invest in Bitcoin (CRYPTO: BTC) following the notable gains achieved by MicroStrategy Inc. (NASDAQ:MSTR) through its bitcoin strategy.
What Happened: Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. The proposal, supported by the National Center for Public Policy Research, recommends holding at least 1% of assets in bitcoin, citing its potential as an inflation hedge, Business Insider reported on Tuesday.
Similarly, a proposal has been made for Amazon to allocate 5% of its …
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