The Center for Public Policy Research has called on Amazon to reassess its Bitcoin (BTC) treasury strategy.
On the 8th (local time), the free-market-oriented think tank headquartered in Washington, DC
The National Center for Public Policy Research (NCPPR), a research and development group, has submitted a shareholder proposal calling for Amazon to consider its Bitcoin corporate financial strategy at its April 2025 shareholder meeting.
A letter prepared by the Center for Public Policy Research said the Consumer Price Index (CPI), which currently rates inflation at 4.95%, is grossly inaccurate in measuring the actual decline in the value of money.
It has been assessed as a very accurate measure and has argued that the actual inflation rate could be as much as twice the reported CPI figure.
Amazon also has $88 billion in cash and short-term liquidity.
He noted that assets are being severely eroded by inflation and that in order to protect shareholder value, they need to use Bitcoin as a way to hedge against this risk.
It continued, "As of December 6, 2024, the price of Bitcoin has increased 131% year-over-year and exceeded the average yield of corporate bonds by 126%. Over the past five years, the price of Bitcoin has increased 1,246%.
"It has risen to 1,242% above corporate bond yields on average," he said, citing the success of MicroStrategy and predicting that Amazon will allocate at least 5% of its assets to Bitcoin to boost its treasury.
MicroStrategy and its founder, Michael Saylor, popularized the corporate Bitcoin financial strategy, and many corporations and pension funds are now using it.
The company has adopted this strategy. Meanwhile, MicroStrategy's Bitcoin holdings are now worth more than $40 billion, and the company has recorded profits of about $17 billion.

2024/12/09 11:26 KST
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