Shareholders Urge Amazon to Diversify Its Assets with Bitcoin Investments – BitRss

Shareholders of Amazon are requesting the company to invest in Bitcoin to diversify its reserves. This proposal, inspired by MicroStrategy’s strategy, aims to outpace inflation and increase shareholder value.

Successes of Bitcoin and MicroStrategy

Michael Saylor’s company has reaped significant benefits from its Bitcoin reserve strategy initiated in 2020. The shares of MSTR, which transformed into a quasi-Bitcoin ETF, saw substantial demand from investors even before the approval of Spot BTC ETFs. Those looking to invest indirectly in Bitcoin through traditional means acquired MSTR shares, gaining opportunities for profits at least as great as those from BTC appreciation.

Although MicroStrategy operates in the business intelligence sector, the primary reason for the heightened stock demand and volume is its massive Bitcoin reserves. This has propelled the company’s share price to reach record heights, surpassing levels seen during the dot-com bubble in 2000. Other companies are now adding Bitcoin to their balance sheets to diversify reserves and generate more cash by increasing stock demand. On Wednesday, Microsoft shareholders will vote on Bitcoin acquisition.

Amazon’s Current Financial Situation

Shareholders indicated in a proposal shared by the National Center for Public Policy Research (NCPPR) that the company’s current asset structure does not sufficiently protect shareholder value…