Amazon shareholders request inclusion of Bitcoin in the company's treasury
In a significant move for the industry, shareholders of tech giant Amazon are urging the company to consider adding the Bitcoin to its treasury. The shareholders' request to include the largest cryptocurrency on the company's balance sheet is intended as a way to hedge against inflation.
The recent request follows in the footsteps of other market giants, such as Microsoft and Tesla. The move is part of a broader trend in the sector, in which companies are considering integrating Bitcoin in order to protect their money from inflation, in addition to generating more profits for their shareholders. There is speculation in the market that Apple will be the next to make this move.
Commenting on the proposal, former Binance exchange CEO Changpeng Zhao (CZ) emphasized in a recent post on X that the company should add support for cryptocurrency payments on the Amazon platform. “Simple. Accept bitcoin payments?” stressed CZ.
At the time of publication, the price of Bitcoin was quoted at US$ 98.540,17 with a decrease of 1.4% in the last 24 hours. In its monthly development, BTC showed an appreciation of 28.8%.
Microsoft Evaluates Proposal to Include Bitcoin on its Balance Sheet
Tech giant Microsoft faces a crucial moment this week when stakeholders meet on Tuesday to decide on adding Bitcoin to your balance sheet . The move, registered with the Securities and Exchange Commission (SEC), comes in a context where the company's board has already expressed resistance, pointing to the diversity of assets in its investment strategy that already includes Bitcoin.
The discussion becomes even more complex given the board's skepticism, which prefers a more cautious approach to the topic. The decision, which will be made after the meeting, is eagerly awaited and could directly influence the market's perception of Bitcoin as a relevant asset for corporate investments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
26 of 31 publicly traded Bitcoin mining companies have seen their stock prices rise so far this year
FTX announces initial repayment schedule, with first repayment expected to start on February 25
BTC falls below $94,000