Amazon explores Bitcoin strategy, challenging traditional finance norms and embracing cryptocurrency's hedge against inflation volatility.
As Amazon prepares for the upcoming April 2025 shareholder meet, the National Center for Public Policy Research , a Washington DC-based think tank advocating for free markets, has shared a shareholdercorporate treasury strategy, encouraging the tech giant to allocate a portion of its $88 billion in cash and short-term assets to BTC.
The proposal from Amazon shareholders voiced strong concerns over inflation’s impact on Amazon’s sizable cash reserves. Additionally, they also highlighted the erosion of purchasing power as a significant risk and proposed BTC as a solution.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin ETF inflows soar as price nears $90KBitcoin shatters records following Trump’s victory, with Bitcoin ETFs, MicroStrategy, and Coinbase reaching unprecedented highs.
Read more »
Vancouver Considers Integrating Bitcoin Into City Finances Amid SurgeElliott Stein of Bloomberg Intelligence discusses Bitcoin's value surpassing US$100,000. Vancouver may incorporate Bitcoin into city finances, driven by the digital token's surge, supported by President-elect Donald Trump's endorsement of crypto. The city council will evaluate a motion to analyze Bitcoin integration, including accepting taxes and fees in Bitcoin or converting financial reserves into Bitcoin.
Read more »
Bitcoin, Ethereum ETF reshaped: Grayscale finalizes reverse share splitsGrayscale finalizes reverse share splits for Bitcoin and Ethereum ETFs, boosting share prices. Options trading begins for BTC ETFs.
Read more »
Premarket: Investors brace for U.S. payrolls data, euro flat amid France turmoilGreenback near 3-week lows, bitcoin back under $100,000
Read more »
Trump’s Bitcoin victory lap – Says ‘you’re welcome!’ after Bitcoin hits $100KDonald Trump celebrated Bitcoin's $100K rise, but analysts anticipate a market cooldown as inauguration nears...
Read more »
Global crypto market tops $3-trillion on hopes of Trump-fuelled boomBitcoin takes a breather after breaking $90,000
Read more »