Amazon shareholders demand that the company hold 5 % of its assets in Bitcoin
Amazon shareholders demand that the company hold 5 % of its assets in Bitcoin
- The share of Microstrategy last year exceeded Amazon's share by 537 %
- The proposal stipulates that Amazon incorporates some bitcoins to maximize the shareholder value without taking too much risk
- Last week Michael Saylor, CEO of Microstrategy, called on to introduce Bitcoin, and called it "digital capital".
A group of Amazon shareholders has requested that the company create 5 % of its assets in Bitcoin.
The National Center for Public Policy Research, a market economy, independent conservative thought factory, presented the Amazon proposal for examination at its annual general meeting.
The proposal indicates the price of Bitcoin, which rose by more than 131 % last year and has exceeded corporate bonds by more than 126 % on average.
"Microstrategy-which Bitcoin keeps in its balance sheet-recorded an outperformance of his shares over the Amazon share last year," says the proposal.
"And they are not alone. The introduction of Bitcoin at institutions and companies is becoming increasingly common: more and more listed companies such as Tesla and Block have included Bitcoin in their balance sheets; the second and fourth largest institutional shareholders of Amazon-Blackrock or Fidelity-offer their customers a Bitcoin ETF; and the US government could have a strategic one in 2025 Form Bitcoin reserve. “
The proposal points out that Bitcoin is a "volatile asset", but the shares of Amazon are the same in the past. For this reason, companies have "responsibility to maximize the shareholder value both long -term and short -term", and add:
"The diversification of the balance sheet by the inclusion of some bitcoins solves this problem without accepting too much volatility. At least Amazon should weigh up the advantages of keeping a part, even 5 %of its assets in Bitcoin."
Michael Saylor calls Bitcoin "digital capital"
The shareholder proposal comes when Michael Saylor, CEO von Microstrategy, told Microsoft that Bitcoin was the best asset that a company should have, and claimed that it was the "greatest digital transformation of the 21st century".
In a three -minute video that was posted on X last week, Saylor said:
"Microsoft cannot afford to miss the next wave of technology, and Bitcoin is the next wave. Bitcoin represents the largest digital transformation of the 21st century; it represents digital capital."
With regard to long-term capital, Saylor found that risks-including general taxes, politics, recession, regulation, war and weather-destroy capital of over $ 10 trillion every year. For this reason, investors point their attention to digital capital such as Bitcoin to avoid these risks. According to Saylor, it is “sensible” to buy and keep Bitcoin for Microsoft instead of buying back stocks or keeping bonds."If you want to achieve an outperformance, you need Bitcoin," said Saylor. "In the past five years you have given up hundreds of billions of dollars and only increased the risks that your own shareholders are exposed to. If you want to escape this vicious circle, you need an asset without a risk of opposite."
According to Saylor, this is due to Bitcoin.
Source: Coinlist.me