Apple has over $200 billion in cash and marketable securities in their treasury. With the current CPI report showing 5.4% inflation rate, Apple is currently losing $10.8 billion dollars per year to inflation.
That's insane and irresponsible on their part. Why not put 1-2% of that in Bitcoin at this point? They are losing it anyways, why wouldn't they take the chance and buy something with it instead of losing 5.4% per year if not more? I really don't understand the logic. I get staying in cash to hedge against volatility but $200 billion of it!? Why don't they buy something with all that cash? Why haven't they bought crypto yet?
Other companies with a s bunch of cash: Google has over $135 billion, Microsoft over $130 billion, Amazon over $85 billion and Alibaba over $70 billion.