Amazon's Bitcoin Proposal: Will It Follow Microsoft's Lead?
ByAinvest
Saturday, Dec 14, 2024 7:29 am ET1min read
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Amazon is reportedly considering a shareholder proposal to hold 1-5% of its assets in Bitcoin as a hedge against inflation, following a similar proposal to Microsoft. The proposal was submitted by the National Center for Public Policy Research, citing Bitcoin's 1,246% price increase over the past five years as a reason for the proposal. The move comes as the US crypto market is poised to undergo a revolutionary reform under President-elect Donald Trump.
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