Microsoft, the third-largest company in the world by market capitalization, has no plans to transfer cash reserves to bitcoin in the near term. This follows from an interview with the president of the corporation, Brad Smith, on CNN.
The $ BTC balance sheet!
I’m asking every Pres & CEO on @firstmove what they are thinking re digital asset/cash diversification.
It’s a no from @Microsoft but if anything changes @BradSmi promises you’ll hear it here first!! 😉 pic.twitter.com/uK3Zh11M5c
— Julia Chatterley (@jchatterleyCNN) February 16, 2021
According to First Move host Julia Chatterley, after Tesla invested in the first cryptocurrency in the amount of $ 1.5 billion, she traditionally asks the guests of the show if their companies are discussing capital diversification into digital assets.
Brad Smith replied to a similar question that he knew nothing about such plans.
“I haven’t heard any new talk about bitcoin. But let me just say: if we change our investment policy on a digital asset, Julia, you will be the first or at least the second to know about it, ”said the top manager.
In August 2020, the American analytical software provider MicroStrategy became the first public company in the world to transfer part of its reserves to Bitcoin. According to Bitcoin Treasuries, the firm invested a total of $ 1.145 billion in the first cryptocurrency, including $ 650 million in debt financing.
In 2021, MicroStrategy announced that it would explore new opportunities for investing in bitcoin, and then announced a new round of selling bonds for $ 600 million for investments in cryptocurrency.
In the fall, she converted part of Jack Dorsey’s Square capital into digital gold.
In early February, it became known about investments in the first cryptocurrency of one of the world’s largest companies in terms of capitalization, Tesla Elon Musk.
The cryptocurrency market in aggregate market value recently surpassed $ 1.5 trillion, according to CoinGecko. On this indicator, it is close to Amazon and lags behind Microsoft by about $ 300 billion, according to Coin98 Analytics.
Data: Coin98 Analytics.
The capitalization of bitcoin after the price reached levels above $ 51,000 approached $ 960 billion. This is more than the value of companies such as Google, Facebook or Tesla.
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