Amazon Faces Shareholder Vote on Bitcoin Adoption for Treasury

Amazon shareholders are gearing up for a pivotal decision at their annual meeting next year: whether the company should explore incorporating Bitcoin (BTC) into its corporate treasury.

Meanwhile, Binance co-founder Changpeng Zhao has offered a simpler perspective on the matter via his account on the social platform X, suggesting, “Why not just start accepting Bitcoin payments?”

Despite his enthusiasm, Zhao acknowledged the limitations of BTC as a payment method, recounting a recent transaction where he paid $17.08 in Bitcoin and waited 15 minutes for confirmation. Still, he found it preferable to traditional finance, noting, “No calls, no troubleshooting—it just worked after 15 minutes.”

The proposal urging Amazon to consider Bitcoin was recently submitted by the National Center for Public Policy Research, a conservative think tank. The group is requesting that Amazon’s board evaluate whether adopting Bitcoin in its treasury aligns with shareholders’ long-term interests.

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Earlier this year, the same think tank presented a similar initiative to Microsoft. However, Microsoft shareholders rejected the idea following a recommendation from the company’s board to vote against it. The decision coincided with heightened volatility in Bitcoin’s price, which saw the cryptocurrency drop from a 24-hour peak of $98,327 to a low of $94,386. Currently, Bitcoin is trading at $97,111.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.