Apples Tim Cook Bought Crypto But No Plans for AppleCoin Yet

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Apple’s Tim Cook bought crypto, but no plans for AppleCoin yet. Apple currently ranks second in market capital behind Microsoft. Cook is worth more than $1 Billion.

Tim Cook says he bought crypto, but rejects Apple adding it to its portfolio… for now


Apple CEO Tim Cook stated that he has some crypto, but not in a plan to invest in Bitcoin or any other tokens.

Cook spoke at the New York Times’ DealBook Online Summit Tuesday. He stated that he would not use $200 billion of cash the company has to invest in cryptocurrency. Cook also stated that he did not plan to accept cryptocurrency as payment for Apple products in the “immediate future”.

Cook stated that “it’s not something that we have immediate plans for to do.” “I don’t believe people buy Apple stock to be exposed to crypto. They can also invest in crypto via other channels if they wish to do so.

Apple CEO, who is worth more than $1B in his own personal wealth, said that he had some crypto when asked about Bitcoin (BTC), Ether (ETH), and other cryptocurrency investments.

“I’ve been interested in [crypto] for a while. I’ve been researching it and so forth… I think it’s interesting.”

Cook’s statement may come as a bit of a surprise to many in the crypto space, given the CEO has largely not taken a public position on digital assets despite controlling one of the largest companies in the world. According to data from AssetDash, Apple is currently the second most valuable company behind Microsoft, with a market capitalization of more than $2.4 billion.

Some major tech CEOs, including Tesla’s Elon Musk, haven’t been particularly shy when expressing their opinions on crypto. Musk may have contributed to the price of the crypto asset — as well as that of Dogecoin (DOGE) — experiencing volatility in response to his social media posts and business decisions at Tesla. This week, he sold 10% of his Tesla stock in response to the results of a Twitter poll.

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