#NewsAboutCryptoOfThisYear Amazon Shareholders Push for Bitcoin to Be Added to Company Treasury
The National Center for Public Policy Research submitted this sharcholder proposal to Amazon.com, Inc., for consideration at the 2025 annual shareholder meeting.
Bitcoin Treasury Assessment
Supporting Statement: In periods of consistent, and often rampant, inflation, a company's value is measured not only by how profitable its primary business is, but also by how well it stores the profits from that business.
Corporations that invest their assets wisely can - and often do - increase shareholder value more than more profitable businesses that don't. Therefore, during inflationary times, corporations have a fiduciary duty to maximize shareholder value not only by working to increase profits, but also by working to protect those profits from debasement.
The average inflation rate in the US over the last four years according to the CPI - a remarkably poor measure of inflation - is 4.95%.' peaking at 9.1% in June, 2022. In reality, the true inflation rate is significantly higher, with some studies estimating it to be nearly double the CPl at times.? So a corporation's assets have needed to appreciate at those rates just to break even.
As of September 30, 2024, Amazon has $585 billion in total assets, $88 billion of which is cash, cash equivalents and marketable securities, including US government bonds, foreign goverment bonds and corporate bonds.' Since cash is consistently being debased and bond yields are lower than the true inflation rate, Amazon isn't adequately protecting billions of dollars of shareholder value simply by holding these assets.
Amazon should - and perhaps has a fiduciary duty to - consider adding assets to its treasury that appreciate more than bonds, even if those assets are more volatile short-term.
As of December 6, 2024, the price of Bitcoin increased by 131% over the previous year,*
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