Tim Cook will step down as Apple’s chief executive on September 1, with John Ternus set to take over the role. Cook will remain executive chairman and has not indicated whether he would alter Apple’s cryptocurrency policy.

Apple has not placed Bitcoin on its balance sheet, and the company reported $146.5 billion in cash and marketable securities as of June 27.

In 2021, Cook said he personally owned cryptocurrency but that Apple would not invest corporate funds in digital assets.