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Is Apple About To Announce A $5bn Bitcoin Purchase? One Bank Thinks So
Over a month ago, we correctly predicted today's "shock" announcement by Tesla, in which Elon Musk's company decided to pivot once again, this time into the word of cryptocurrencies, by purchasing $1.5 billion in bitcoin (an amount which will give it tremendous leeway in non-GAAP financial when accounting for XBT Mark-to-Market moves, giving it even more buffer to beat estimates). Discussing the major US companies which we expected would announce shifts away from dollar-based cash into bitcoin, we said "one such company which we are convinced will announce it is converting billions of its existing cash into bitcoin, ... (full story)
