By Shikha Singh
Amazon Shareholders Urge 5% Bitcoin Allocation to Boost Value and Beat Inflation.
Amazon shareholders, led by the National Center for Public Policy Research, are urging the company to diversify its reserves into Bitcoin (BTC) to combat inflation and enhance shareholder value.
The proposal argues that Amazon’s current mix of cash, bonds, and securities isn’t protecting value effectively. Bitcoin, up 134% this year, has outperformed traditional assets like gold and the S&P 500.
The proposal suggests Amazon should consider allocating at least 5% of its assets to Bitcoin, following the lead of MicroStrategy, Tesla, and Block, to maximize long-term value, despite Bitcoin’s volatility.
Czech Republic Exempts Long-Term Bitcoin Holdings From Capital Gains Tax.
The Czech Republic is exempting Bitcoin held for over three years from capital gains tax to attract young entrepreneurs and drive its digital economy.
This forward-thinking policy aims to appeal to tech-savvy youth and foster growth in sectors like fintech, blockchain, and Web3. It creates opportunities for startups and small businesses using digital assets, positioning the country as a crypto-friendly hub.
By removing tax barriers for long-term Bitcoin holders, the Czech Republic seeks to strengthen its reputation as a destination for digital entrepreneurs and global investors, aligning with global trends in finance and technology innovation.
STEPN GO and Adidas Launch Exclusive Co-Branded Sneakers.
STEPN GO and Adidas have partnered to release the Adidas Genesis Sneakers, the first co-branded physical shoes combining fitness, fashion, and Web3 technology.
These limited-edition sneakers, part of the Adidas Ultraboost 5 collection, feature smart tech that links the physical world with digital rewards on the STEPN GO platform. The collaboration began with the successful release of the STEPN Genesis NFT collection in April 2024.
From December 13-17, users can enter a raffle to win a pair, with winners able to trade tickets for their preferred size and style. This partnership blends fitness, digital innovation, and exclusive community perks.
El Salvador’s Bitcoin Gains Hit $333mn as BTC Crosses $100K.
El Salvador’s Bitcoin investments have hit an impressive $333 million in unrealized gains as BTC surpassed $100,000 for the first time. President Nayib Bukele celebrated the milestone, highlighting the country’s bold move to adopt Bitcoin as legal tender in 2021.
Since then, the nation has accumulated 6,180 BTC with an average price of $44,739 per coin, reflecting a 122% profit. Beyond financial gains, Bitcoin adoption has boosted tourism, despite repeated warnings from the IMF to scale back the policy, citing financial stability concerns.
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