The National Center for Public Policy Research is negotiating a Bitcoin proposal with an undisclosed major corporation, pushing for a 5% Bitcoin allocation for Amazon shareholders. NCPPR’s advocacy reflects an increasing trend among corporations to consider Bitcoin as a valuable asset amidst inflation concerns and evolving market conditions. Previous proposals for Microsoft were rejected despite positive market forecasts, and Bitcoin is witnessing notable trading activity amid a surge in pro-crypto optimism.
The National Center for Public Policy Research (NCPPR) is currently in negotiations with an undisclosed major corporation regarding a Bitcoin initiative. They propose allocating 5% of Amazon’s assets into Bitcoin for consideration at the 2025 annual shareholder meeting, amid previous proposals for Microsoft that were rejected. Since its inception in 2009, Bitcoin has gained significant traction among mainstream companies, with NCPPR advocating for its adoption as a safeguard against inflation.
NCPPR contends that Bitcoin can provide corporations protection against inflationary pressures and contribute to financial diversity. In April, Amazon shareholders are set to vote on the Bitcoin allocation proposal put forth by NCPPR. Conversely, Microsoft shareholders previously rejected a similar proposal that was supported by a significant market growth forecast; the company’s board advised against it. Following the rejection, Bitcoin prices fluctuated, briefly dropping to $94,000 before rebounding to $96,400.
Currently, companies known for holding substantial Bitcoin reserves include primarily cryptocurrency-focused firms such as Coinbase and MicroStrategy. Bitcoin is viewed as a strategic asset for diversifying reserves and innovative financial management. MicroStrategy has reported Bitcoin holdings valued at over $40 billion with an estimated profit of $17 billion. Michael Saylor, its founder, stated Bitcoin is projected to experience remarkable growth with its market capitalization anticipated to exceed $2 trillion.
Additionally, Amazon’s significant institutional shareholders, BlackRock and Fidelity, have facilitated Bitcoin ETF access for their clients. In recent developments, Genius Group transitioned its treasury assets to Bitcoin by acquiring 110 coins at about $90,932 each. With the anticipated price of Bitcoin potentially exceeding $200,000, driven by pro-crypto sentiments linked to the Trump administration, companies are considering incorporating Bitcoin onto their balance sheets.
Recently, former President Trump proposed the establishment of a Bitcoin strategic reserve in the United States, while European Parliament member Sarah Knafo suggested a similar initiative for Europe. As of now, Bitcoin is trading at $98,491, reflecting a 3.28% increase within the past day, although it has dipped 3.32% over the past week.
The National Center for Public Policy Research (NCPPR) is an American right-leaning think tank that has been promoting cryptocurrency adoption among major corporations. Bitcoin, since its launch over a decade ago, has become a prime topic of interest for businesses looking to hedge against inflation and diversify their asset portfolios. Recent market dynamics and the political landscape, including the incoming Trump administration, are influencing corporate strategies regarding cryptocurrency allocations.
The National Center for Public Policy Research is actively negotiating Bitcoin initiatives with corporations, aiming to increase corporate Bitcoin adoption as a hedge against inflation. Their proposals, particularly for Amazon, reflect a growing trend among major companies to integrate Bitcoin into their financial strategies. As Bitcoin’s value continues to rise and significant political support emerges, the momentum for corporate adoption of cryptocurrencies is likely to accelerate.
Original Source: www.crypto-news-flash.com
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