COINOTAG News reports that a notable development has emerged from the National Center for Public Policy, a free-market think tank based in Washington, D.C. They have submitted a shareholder proposal to Amazon, advocating for the integration of Bitcoin into its treasury strategy during the upcoming shareholder meeting slated for April 2025. The proposal raises concerns about the current U.S. Consumer Price Index (CPI), which stands at 4.95%. This figure, they argue, inadequately represents the actual currency devaluation, with estimates suggesting the real inflation rate could be significantly higher. This devaluation has adverse implications for Amazon’s $88 billion in cash reserves, prompting the recommendation to utilize Bitcoin as a hedge against depreciation.
The proposal further emphasizes Bitcoin’s impressive performance, noting that, as of December 6, 2024, its price surged by 131% year-on-year, dramatically eclipsing the growth rate of corporate bonds by 126%. Over a five-year period, Bitcoin has risen by a staggering 1,246%, clearly outperforming corporate bonds by a comparable margin. This compelling data supports the argument for digital assets to be considered in traditional investment strategies, highlighting their potential role in safeguarding shareholder interests.
Source: https://en.coinotag.com/breakingnews/amazon-shareholder-proposal-urges-adoption-of-bitcoin-to-hedge-inflation-risks/