Tim Cook Owns Crypto But Apple Never Bought Bitcoin: Will This Change?
Tim Cook leaves the Apple chief govt job on Tuesday, September 1. He by no means put a single Bitcoin on the corporate’s steadiness sheet. John Ternus takes over and has by no means mentioned in public whether or not he agrees.
Cook answered the Bitcoin query as soon as, in 2021, and by no means moved off it. Five years later, the numbers counsel he was not fallacious to say no.
What Tim Cook Actually Said About Bitcoin
Apple sat on $146.5 billion in money and marketable securities as of June 27, its personal filing reveals. A pile that measurement retains the query alive.
Cook was requested about it at a New York Times DealBook occasion in November 2021. He mentioned he owned crypto himself. Then he shut the door on Apple doing the identical.
“I wouldn’t go put money into crypto, not as a result of I wouldn’t make investments my very own cash, however as a result of I don’t assume individuals purchase Apple inventory to get publicity to crypto,” he explained.
He by no means mentioned how a lot he holds, and didn’t reveal the belongings both, declining to present particulars.
The scoreboard since then favors him, as Bitcoin set a document close to $68,991 the subsequent day. The pioneer crypto traded close to $77,244 on Sunday, about 12% greater. Apple shares closed 2021 at $175.35 and ended Friday at $319.70, roughly 82% greater.
Why Stablecoins Matter More Than a Treasury Bet
Ternus is a {hardware} engineer. Apple’s incoming chief executive spent 25 years on gadgets, not finance. Cook stays on as govt chairman with a coverage temporary.
So the dwell resolution sits in funds, not treasury. Services introduced Apple $30.7 billion final quarter. Apple Pay strikes card transactions, not tokens.
Reports in 2025 tied Apple to early talks about utilizing stablecoins to cut settlement costs. Nothing shipped, and Apple has by no means confirmed it.
That could be plumbing, not a keynote. It would nonetheless attain additional than any treasury purchase, as a result of Apple already gates crypto apps by way of App Store guidelines.
Cook answered the query early and caught to it. Ternus has not been requested but.
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