Big tech companies like Amazon have huge cash reserves. Last year, for example, they had 87 billion USD. But this capital is gradually losing value due to inflation. According to the National Center for Public Policy Research (NCPPR), buying Bitcoin would be the solution, but the tech giants don’t seem to fully realize this yet.
Microsoft and Amazon hesitate about Bitcoin
We now know from Microsoft that shareholders are not particularly enthusiastic about the introduction of Bitcoin into the company. The majority of shareholders voted this week against the proposal to even investigate Bitcoin as a possible reserve asset for the balance sheet.
However, the NCPPR believes it would make sense for these companies to consider Bitcoin, arguing that the Consumer Price Index (CPI), which has averaged 4.95% over the past few years, is a “pretty poor measure” of real inflation.
As a result, Amazon and Microsoft’s cash reserves are rapidly losing value, as shown in the charts above.
Despite Michael Saylor’s above presentation, Microsoft shareholders decided to reject the proposal.
Amazon is the next candidate
Next up is Amazon. In April 2025, shareholders of Jeff Bezos’ company will vote on whether to adopt Bitcoin. However, according to Nick Cowan, Amazon is less conservative than Microsoft.
“Amazon shareholders may actually vote differently than Microsoft shareholders because of the company’s reputation for innovation and risk-taking,” Cowan said.
While Microsoft has historically taken a conservative stance on finances and strategy, Amazon has a reputation for quickly adopting emerging technologies and experimenting with new investments.
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