Amazon shareholders call for the company to hold 5% of its assets in Bitcoin
- MicroStrategys stock has outperformed Amazons stock by 537% in the past year
- The proposal calls for Amazon to include some Bitcoin to maximize shareholder value without taking on too much risk
- Last week, Michael Saylor, CEO of MicroStrategy called on Microsoft to adopt Bitcoin, calling it digital capital
A group of Amazon shareholders has requested that the company allocate 5% of its assets in Bitcoin.
The National Center for Public Policy Research, a free-market, independent conservative think tank, submitted the proposal to Amazon for consideration at its 2025 annual shareholder meeting.
The proposal, shared by Tim Kotzman, a podcast host covering Bitcoin and MicroStrategy, recommends adding assets to its treasury that appreciate more than bonds, even if those assets are more volatile short-term.
The proposal points to Bitcoins price, which has increased more than 131% over the past year, outperforming corporate bonds by more than 126%, on average.
MicroStrategy which holds Bitcoin on its balance sheet has had its stock outperform Amazon stock by 537% in the previous year, the proposal said.
And theyre not alone. Institutional and corporate Bitcoin adoption is becoming more commonplace: more public companies such as Tesla and Block have added Bitcoin to their balance sheets; Amazons second and fourth largest institutional shareholders BlackRock and Fidelity, respectively offer their clients a Bitcoin ETF; and the US government may form a Bitcoin strategic reserve in 2025.
The proposal points out that while Bitcoin is a volatile asset, Amazons stock was the same in the past. Because of this, companies have a responsibility to maximize shareholder value over the long-term as well as the short-term, adding:
Diversifying the balance sheet by including some Bitcoin solves this problem without taking on too much volatility. At minimum, Amazon should evaluate the benefits of holding some, even just 5%, of its assets in Bitcoin.
Michael Saylor calls Bitcoin digital capital
The shareholder proposal comes as Michael Saylor, CEO of MicroStrategy, said to Microsoft that Bitcoin is the best asset a company should own, claiming it represents the greatest digital transformation of the 21st century.
In a three-minute video posted on X last week, Saylor said:
Microsoft cant afford to miss the next technology wave, and Bitcoin is the next wave. Bitcoin represents the greatest digital transformation of the 21st century; it represents digital capital.
Talking about long-term capital, Saylor noted that risk including general taxes, politics, recession, regulation, war, and the weather is destroying over $10 trillion in capital each year.
Because of this, investors are turning their attention to digital capital, such as Bitcoin, to avoid these risks. In Saylors view, it makes sense for Microsoft to buy and hold Bitcoin rather than buy back stock or hold bonds.
If youre going to outperform, youre going to need Bitcoin, Saylor said. Youve surrendered hundreds of billions of dollars of capital over the past five years, and youve just amplified the risks that your own shareholders face. If you want to escape that vicious cycle, youre going to need an asset without counterparty risk.
In Saylors opinion, that lies with Bitcoin.
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