Crypto Stocks Climb Premarket; Microsoft, Amazon Investors Eye Bitcoin Investments Amid MicroStrategy's Success

Tiger Newspress

10 Dec 2024

Crypto stocks gained in premarket trading. MicroStrategy rose 3%; CleanSpark, Coinbase, Riot Platforms rose 2.5%; Mara Holdings, Bitfarms rose 1%.

Investors in Microsoft and Amazon.com are evaluating proposals to invest in Bitcoin following the notable gains achieved by MicroStrategy through its bitcoin strategy.

Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. The proposal, supported by the National Center for Public Policy Research, recommends holding at least 1% of assets in bitcoin, citing its potential as an inflation hedge, Business Insider reported on Tuesday.

Similarly, a proposal has been made for Amazon to allocate 5% of its assets to bitcoin, highlighting bitcoin's impressive 1,246% price increase over the past five years, which has outperformed corporate bonds.

Despite these suggestions, Microsoft's board has advised against the proposal, stressing the importance of maintaining stability in corporate treasury holdings. The board believes that their current processes are sufficient for ensuring long-term shareholder value.

Meanwhile, MicroStrategy's CEO, Michael Saylor, has presented to Microsoft's board, advocating for potential market value growth through bitcoin investment. However, the betting site Polymarket suggests only a 13% likelihood of shareholder approval for Microsoft's Bitcoin evaluation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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MicroStrategy rose 3%; CleanSpark, Coinbase, Riot Platforms rose 2.5%; Mara Holdings, Bitfarms rose 1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3bcdb040e3d40d47323f64cae507c167\" tg-height=\"237\" tg-width=\"414\"/></p><p>Investors in  <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and  <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>  are evaluating proposals to invest in Bitcoin following the notable gains achieved by  <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> through its bitcoin strategy.</p><p>Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. 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MicroStrategy rose 3%; CleanSpark, Coinbase, Riot Platforms rose 2.5%; Mara Holdings, Bitfarms rose 1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3bcdb040e3d40d47323f64cae507c167\" tg-height=\"237\" tg-width=\"414\"/></p><p>Investors in  <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and  <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>  are evaluating proposals to invest in Bitcoin following the notable gains achieved by  <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> through its bitcoin strategy.</p><p>Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. 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The proposal, supported by the National Center for Public Policy Re","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","BITF":"Bitfarms Ltd.","MARA":"MARA Holdings","CLSK":"CleanSpark, Inc.","RIOT":"Riot Platforms","BTBT":"Bit Digital, Inc.","MSTR":"Strategy"},"translate_title":"加密货币股票盘前攀升；微软和亚马逊投资者在MicroStrategy的成功中关注比特币投资","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITF":1.1,"BTBT":1.1,"CLSK":1.1,"COIN":1.1,"MARA":1.1,"MSTR":1.1,"RIOT":1.1},"content_text":"Crypto stocks gained in premarket trading. MicroStrategy rose 3%; CleanSpark, Coinbase, Riot Platforms rose 2.5%; Mara Holdings, Bitfarms rose 1%.Investors in  Microsoft and  Amazon.com  are evaluating proposals to invest in Bitcoin following the notable gains achieved by  MicroStrategy through its bitcoin strategy.Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. The proposal, supported by the National Center for Public Policy Research, recommends holding at least 1% of assets in bitcoin, citing its potential as an inflation hedge, Business Insider reported on Tuesday.Similarly, a proposal has been made for Amazon to allocate 5% of its assets to bitcoin, highlighting bitcoin's impressive 1,246% price increase over the past five years, which has outperformed corporate bonds.Despite these suggestions, Microsoft's board has advised against the proposal, stressing the importance of maintaining stability in corporate treasury holdings. The board believes that their current processes are sufficient for ensuring long-term shareholder value.Meanwhile, MicroStrategy's CEO, Michael Saylor, has presented to Microsoft's board, advocating for potential market value growth through bitcoin investment. However, the betting site Polymarket suggests only a 13% likelihood of shareholder approval for Microsoft's Bitcoin evaluation.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}