Official announcements from Microsoft or SEC filings

$2.3 Trillion Amazon Explores Bitcoin Treasury Amid Microsoft's Influence

Dec 8, 2024, 07:26 PM

Amazon shareholders have submitted a proposal for the company, valued at $2.3 trillion, to explore adding Bitcoin to its treasury, following a similar move by Microsoft, which is valued at $3 trillion. Microsoft is preparing for its shareholders meeting on December 10 to discuss investing in Bitcoin. The proposal from Amazon shareholders requests that the board conduct an assessment to determine if adding Bitcoin to the company's treasury is in the best long-term interests of shareholders. This move by Amazon signals a growing interest in cryptocurrency among major corporations, potentially influencing other tech giants like Apple to consider similar strategies.