September 25, 2021

Microsoft has no plans to make Tesla-like move into Bitcoin, says president

1200 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvODRlYzE4ZTEtZjNmYy00MzZjLTkyYzQtYTliMzQxNGNjZTM4LmpwZw

Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith.

In a Feb. 16 interview with CNN’s Julia Chatterley, Smith still hinted that Microsoft could still change its mind about a Bitcoin investment.

When asked whether Microsoft is discussing any cryptocurrency diversification plans following Tesla’s $1.5 billion investment in Bitcoin, the Microsoft president said that he is not aware of such discussions:

“I haven’t heard any new conversation about Bitcoin. But let me just say, if we change our investment policy on Bitcoin, Julia, you will be the first or at least the second to know.”

Bitcoin’s market capitalization is inching higher to overtake some of the largest American companies. As previously reported, Bitcoin market cap surpassed Tesla’s at around $808 billion shortly after the company announced its massive Bitcoin investment.

Following Bitcoin’s historical move to hit above $51,000 on Feb. 17, 2021, Bitcoin’s market capitalization stands at $948 billion at the time of writing. Bitcoin would need to double its marketTitle: Microsoft has no plans to make Tesla-like move into Bitcoin, says president
Sourced From: cointelegraph.com/news/microsoft-has-no-plans-to-make-tesla-like-move-into-bitcoin-says-president
Published Date: Wed, 17 Feb 2021 08:47:04 +0000