PANews reported on December 9 that according to Cointelegraph, the National Center for Public Policy Research in Washington, DC, a think tank advocating a free market, has submitted a shareholder proposal to Amazon, advocating the consideration of Bitcoin as a corporate treasury strategy at the shareholders' meeting in April 2025. The proposal reads: "At a minimum, Amazon should evaluate the benefits of holding part of its assets (even if only 5%) in the form of Bitcoin."
The think tank pointed out in the letter that the current US consumer price index (CPI) for measuring inflation is 4.95%, but this indicator is "extremely bad" in measuring the real depreciation of currency. The author believes that the real inflation rate may be twice the CPI reported figure; this has greatly eroded Amazon's $88 billion in cash and short-term cash equivalents. In order to protect shareholder value, Bitcoin should be used to hedge this risk.
The think tank wrote: "As of December 6, 2024, the price of Bitcoin has increased by 131% year-on-year, outperforming corporate bonds by an average of 126%. Over the past five years, the price of Bitcoin has increased by 1,246%, outperforming corporate bonds by an average of 1,242%."
