Amazon shareholders at a conservative think tank have sent a proposal to the retail and tech giant, urging it to create a Bitcoin treasury reserve following a record-breaking run for the largest cryptocurrency.
In a shareholder proposal dated December 6, The National Center for Public Policy Research asked Amazon to consider holding at least 5% of its assets in Bitcoin. The think tank argued that converting Amazon’s assets into the cryptocurrency could protect the value of those funds in an intense inflationary environment.
“Though Bitcoin is currently a volatile asset… corporations have a responsibility to maximize shareholder value over the long-term as well as the short-term,” the think tank wrote in the shareholder proposal.
Bitcoin is trading at $97,020 as of writing time, CoinGecko data shows, down over 3% on the day. The token soared last week to an all-time-high price of $103,679, and has jumped by 27% over the last month at the current price.
The company’s shareholders will likely vote on the matter at their annual meeting, which usually occurs in the sprin
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Author: Liz Napolitano
