The news worth关注 today is: Amazon's shareholders have proposed converting 5% of its assets into Bitcoin. Following Microsoft's vote to prepare for incorporating Bitcoin into its reserves, a public research center submitted a proposal to Amazon, recommending the company to include Bitcoin in its asset reserves.
This proposal clearly explains why the shareholders of these large companies want the company to hold Bitcoin.
The proposal states that the company's value depends not only on the profitability of its business but also on its ability to protect the value of its profits, thereby safeguarding the interests of its shareholders.
Currently, Amazon has $88 billion in assets such as cash, securities, and bonds, but the returns on these assets do not outpace inflation and are, in fact, diluting shareholder value.
Therefore, they recommend converting this portion of assets into Bitcoin, which has greater potential for value preservation or even appreciation. This proposal is expected to be reviewed and voted on at the Amazon shareholders' meeting in 2025.
Regarding this proposal, Binance founder CZ stated that it's a simple question: just accept Bitcoin payments.
It is evident that whether large companies like Microsoft and Amazon ultimately pass this proposal, this trend has already formed. Currently, Amazon's market value is $2.38 trillion, and even if they only buy 5% of Bitcoin, that would amount to $165 billion. If this proposal is passed and executed, it may drive Bitcoin to challenge the high points of $130,000 to $150,000.
