Amazon Faces Shareholder Vote on Bitcoin Adoption for Treasury
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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.
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.
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