- Bitcoin opens at a record $101,146, its highest-ever opening price.
- Amazon shareholders petition the board to invest $88 billion in Bitcoin.
- Inspired by MicroStrategy’s success, investors demand BTC as a treasury asset.
- Technical indicators suggest Bitcoin could be heading toward a $120K breakout.
Bitcoin is on the verge of another historic surge, opening trading on December 9 at an all-time high of $101,146. This milestone comes amid growing excitement in the crypto space, as Amazon shareholders petition the company to invest a staggering $88 billion in Bitcoin. Could this be the catalyst that propels BTC to $120K?
Amazon Shareholders: It’s Time to Buy Bitcoin
https://twitter.com/BTC_Archive/status/1865840011838414943
The push for Amazon to add Bitcoin to its balance sheet is gaining momentum. At the 2025 shareholder meeting on December 6, a group of investors formally petitioned Amazon’s Board of Directors to consider adding BTC to the company’s treasury reserves.
The proposal, revealed by journalist Tim Kotzman, highlights the changing financial landscape and the need to protect shareholder value.
Amazon currently holds $88 billion in cash, cash equivalents, and marketable securities like U.S. government bonds. But with inflation eroding the value of cash and bond yields lagging, shareholders argue that Bitcoin offers a better long-term hedge. The supporting document noted:
“Amazon isn’t adequately protecting billions of dollars of shareholder value simply by holding these assets. Bitcoin has outperformed bonds and traditional assets by a huge margin.”
Why Bitcoin? Look at MicroStrategy’s Success
Shareholders pointed to the jaw-dropping success of MicroStrategy, which made headlines by investing heavily in Bitcoin. Over the past year, MicroStrategy’s stock has outperformed Amazon by an astonishing 537%. This isn’t a one-off — companies like Tesla and Block have also added Bitcoin to their balance sheets, and the results speak for themselves.
https://twitter.com/saylor/status/1822604650593349832
The numbers don’t lie:
- Bitcoin’s price has jumped 131% in the past year, compared to the 126% average return for corporate bonds.
- Over the past five years, Bitcoin has surged by 1,246%, far outpacing bonds, which delivered an average return of 1,242%.
With institutional giants like BlackRock and Fidelity now offering Bitcoin ETFs to their clients, the case for corporate Bitcoin adoption is stronger than ever.
Could a U.S. Bitcoin Reserve Be Next?
Speculation is growing that the U.S. government might establish a Bitcoin strategic reserve as early as 2025. If this happens, it could further encourage major corporations like Amazon to follow suit. The idea is simple: If the government recognizes Bitcoin’s potential, shouldn’t leading companies do the same?
Bitcoin Price Forecast: $120K on the Horizon?
Bitcoin’s price surge to $101,146 is backed by strong technical indicators. Analysts are now eyeing $120,000 as the next major milestone.
https://twitter.com/Cointelegraph/status/1860382812269949387
- The Donchian Channels (DC) show Bitcoin hovering near the upper boundary at $101,215, indicating steady buying pressure. If BTC breaks above $104,088, it could spark another wave of buying and push prices even higher.
- The Bull and Bear Power (BBP) indicator is flashing green, signaling that buyers are firmly in control. BBP values exceeding 4,293.33 suggest that bullish momentum is building.
However, if Bitcoin faces a pullback, support levels to watch include $97,294 and $90,500. These levels could offer a safety net if the market cools down temporarily.
The Bottom Line
Amazon’s potential move to invest billions in Bitcoin is more than just a headline — it’s a sign of how far crypto has come. As institutional confidence grows and more companies follow MicroStrategy’s lead, Bitcoin’s path to $120K seems increasingly possible.
For now, all eyes are on Amazon’s board and Bitcoin’s next breakout move. One thing is clear: 2025 could be the year that mainstream adoption and record prices collide.