The National Center for Public Policy noted that MicroStrategy's stock outperformed Amazon's stock by 537% due to its Bitcoin strategy.
The National Center for Public Policy Research — a Washington DC-based think tank championing free markets — has submitted a shareholder proposal to Amazon Corp arguing for a Bitcoin (BTC) corporate treasury strategy to be considered at the April 2025 shareholder meeting.
According to the letter from the think tank, the Consumer Price Index (CPI) used to measure inflation, which currently puts inflation at 4.95%, is a "Remarkably poor measure" of true currency debasement. The authors suggested the true inflation rate may be double the reported CPI figure.
This greatly erodes Amazon's $88 billion in cash and short-term cash equivalents, the letter stated, and to protect shareholder value, BTC should be used to hedge against this risk. The National Center for Public Policy Research wrote:
