The American think tank 'National Center for Public Policy Research' proposes that Amazon establish a Bitcoin treasury

The National Center for Public Policy Research, a free-market think tank located in Washington, D.C., has submitted a shareholder proposal to Amazon, advocating for the consideration of adopting Bitcoin as a corporate treasury strategy at the shareholder meeting in April 2025. The proposal states: 'At a minimum, Amazon should evaluate the benefits of holding a portion of its assets (even if only 5%) in Bitcoin.' The think tank pointed out in its letter that the current Consumer Price Index (CPI) measuring inflation in the United States is 4.95%, but this metric is 'extremely poor' at measuring the true devaluation of currency. The authors believe that the real inflation rate could be twice the CPI reported figure; this greatly erodes Amazon's $88 billion in cash and short-term cash equivalents. To protect shareholder value, Bitcoin should be used to hedge this risk. The think tank wrote: 'As of December 6, 2024, the price of Bitcoin has increased by 131% year-on-year, averaging better performance than corporate bonds by 126%. Over the past five years, the price of Bitcoin has risen by 1,246%, outperforming corporate bonds by 1,242% on average.'