PhonAndroid After Tesla, Apple would have invested 2 billion dollars in Bitcoin

Apple is said to have recently invested more than $2 billion worth of Bitcoin. Mirroring Tesla, the Cupertino giant has decided to convert part of its cash into cryptocurrencies. After years of hostility, Apple is reportedly preparing to open up to digital currencies. Rumor has it that the iPhone maker is launching a cryptocurrency exchange platform.

Over the past few months, many companies have been buying Bitcoin (BTC). This is particularly the case with Tesla. In February, Tesla invested $1.5 billion in Bitcoin, or 8% of its cash. We should also mention MicroStrategy, an American software publisher. Under the impetus of its CEO Michael Saylor, the company has made several successive investments. MicroStrategy even sold shares on the stock exchange in an effort to buy back more Bitcoin.

More recently, a rumor has emerged that Apple has followed in the footsteps of Tesla and MicroStrategy. Relayed by many reputable personalities in the cryptocurrency sector, including Galaxy Trading, the rumor spread like wildfire.

Apple would turn to cryptocurrencies

According to individuals relaying this information, Apple has invested more than $2 billion in the queen of cryptocurrencies. This is a tiny fraction of the impressive war chest amassed by Apple over the past few years. The firm's cash reserve amounts to 250 billion dollars according to the latest estimates.

At this time, there is no information or evidence to support this rumor. If the leak is true, the transaction should quickly be officially announced via a filing with the SEC (the stock market policeman) for example. Note also that this investment could surprise coming from Apple. The Californian group has always been very careful with its brand image and Bitcoin remains a very controversial subject.

Similarly, Apple has always positioned itself in favor of respect for the environment. By investing in the oldest cryptocurrency, Apple would attract the wrath of many environmentalists who accuse the currency of consuming too much energy. Bitcoin mining is based on powerful calculation computers that run continuously. It is this reason that prompted Tesla to abandon Bitcoin payments.

Nevertheless, Apple's stance on digital currencies has softened significantly over the past few months. The Cupertino giant has even announced its intention to hire an expert in alternative payment solutions, such as cryptocurrencies. Under these conditions, some imagine that Apple plans to launch a cryptocurrency exchange competing with Coinbase, Binance or Bitpanda in the years to come. Again, it is difficult to know what the plans of the Californian brand are.