Amazon's Bitcoin Proposal: Will It Follow Microsoft's Lead?
AinvestSaturday, Dec 14, 2024 7:29 am ET

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.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet