Amazon ranks fourth on the S&P 500, boasting a market cap of $2.38 trillion, ahead of Google, Tesla, and Meta, but trailing Apple, Nvidia, and Microsoft. Amazon’s proposal follows a similar push at Microsoft, where shareholders will vote on Dec. 10 on whether the tech giant should diversify with Bitcoin.

The proposal submitted by the National Center for Public Policy Research calls for the company to add BTC to its treasury to beat inflation

The National Center for Public Policy has recommended Amazon convert at least 5% of its assets into Bitcoin, right as Microsoft considers its own BTC move.

Amazon shareholders are urging the company to diversify its reserves to include Bitcoin in order to maximize shareholder value.

The proposal from Amazon shareholders voiced strong concerns over inflation’s impact on Amazon’s sizable cash reserves.

Shareholders of Amazon (AMZN) have submitted a proposal to add Bitcoin to the balance sheet. The shareholders of the e-commerce giant are urging the company to learn from MicroStrategy (MSTR), which heavily invested in Bitcoin,

The Bitcoin price recorded a minor loss in the last 24 hours as investors pivot to Best Wallet, which surged past $3 million in presale.