Report Microsoft Does Not Have Any Short-Term Plans To Put Bitcoin On Its Balance Sheet
Report: Microsoft Does Not Have Any Short-Term Plans To Put Bitcoin On Its Balance Sheet
February 19, 2021
Report Microsoft Does Not Have Any Short-Term Plans To Put Bitcoin On Its Balance Sheet
Report: Microsoft Does Not Have Any Short-Term Plans To Put Bitcoin On Its Balance Sheet
February 19, 2021

Brad Smith, the President of Microsoft, said that Microsoft does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet.

It has been reported that Smith, in an interview with CNN’s Julia Chatterley, still hinted that Microsoft could still change its mind about a Bitcoin investment.

However, when asked whether Microsoft is discussing any cryptocurrency diversification plans after Tesla’s $1.5 billion investment in Bitcoin, Smith said that he is not aware of such discussions.

He added:

“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.”

The report said that Bitcoin’s market capitalization is inching higher to overtake some of the largest American companies.

ALSO READ :  Blockchain.com Raises $120-Million Funding Round

Thus, the Bitcoin market cap surpassed Tesla’s at around $808 billion shortly after the company announced its massive Bitcoin investment.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.