Markets· ★★· bullish·

Tim Draper urges Apple and Meta to hold Bitcoin on balance sheets

  • —Draper said companies should keep roughly four weeks of operating expenses in Bitcoin
  • —Apple held $146.5 billion in cash and marketable securities as of June 27 with no Bitcoin disclosed
  • —Meta held $90.3 billion in cash and marketable securities as of June 30 with no Bitcoin disclosed
  • —Microsoft shareholders rejected a Bitcoin treasury assessment in 2024 with only 0.55% support
Why it matters: A signal of potential corporate demand for BTC, though it reflects an investor's view rather than any policy change at Apple or Meta.
#BTC
Source: crypto.news
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