Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows

Bitcoin might become part of Amazon’s treasury strategy as the online retail giant’s shareholders are pushing for the adoption of the cryptocurrency in its assets.

If Amazon embraces digital assets, it will join other business titans exploring the inclusion of Bitcoin in their asset portfolios.

Bitcoin As Financial Reserve Option

Shareholders of Amazon urged the online retail store to evaluate the possibility of adding Bitcoin to its balance sheet, saying that the firstborn cryptocurrency could enhance the investors’ value in the long term because it is one way of protecting it from inflation.

A US-based think tank told Amazon to assess the prospect of using a portion of its financial reserve to hold Bitcoin to increase its shareholder’s value and fight off inflation.

According to a recommendation made by the National Center for Public Policy Research (NCPPR), the shareholders of the company are asking its Board to investigate if including cryptocurrencies into the treasury of the online retail store serves the best long-term interests of shareholders.

HISTORY: SHAREHOLDERS ARE PETITIONING $2.3 TRILLION AMAZON TO BUY #BITCOIN

BTC IS IN THE BEST “LONG-TERM INTEREST OF SHAREHOLDERS”