E-commerce giant Amazon will look into adopting #Bitcoin as a strategic treasury reserve asset next year after receiving a proposal for the course.
The adoption of Bitcoin among corporate entities has continued its uptrend, with e-commerce firm Amazon Corp. the latest to receive a proposal for this. According to a Dec. 8 report, Amazon has received a shareholder proposal to adopt Bitcoin as a treasury reserve asset.
The National Council for Public Policy Research has written to Amazon, proposing it store its reserve assets in Bitcoin. Notably, the Washington, DC-based think tank requests that Amazon consider the asset in its April 2025 shareholders meeting.
Think Tank Brands Bitcoin a Hedge Against Inflation
The authors cited several reasons Amazon should incorporate Bitcoin as a store of its reserve value, including growing inflation. The think tank argued that the Consumer Price Index’s (CPI) inflation evaluation is inaccurate as the economic menace is higher than portrayed.
As a result, Amazon should consider Bitcoin, an investment vehicle that has historically proven to be a hedge against inflation. The authors cited Bitcoin’s yearly and five-year performance as proof that the premier asset has hedged against reserve devaluation.
Per the report, Bitcoin has appreciated 131% in the past year, outperforming corporate bonds by 126%. The flagship crypto asset is also up 1,246% in the past five years, with bonds managing a mere 4% uptick in the same timeframe.
