Apple Inc. is looking into cryptocurrency, Chief Executive Tim Cook said.

Though what that may look like remains unclear, potential endeavors into digital currencies wouldn’t involve investing Apple’s sizable cash balance into it, Mr. Cook said.

“I don’t think people buy an Apple stock to get exposure to crypto,” Mr. Cook said in a prerecorded...

Apple Inc. is looking into cryptocurrency, Chief Executive Tim Cook said.

Though what that may look like remains unclear, potential endeavors into digital currencies wouldn’t involve investing Apple’s sizable cash balance into it, Mr. Cook said.

“I don’t think people buy an Apple stock to get exposure to crypto,” Mr. Cook said in a prerecorded interview for the New York Times DealBook Online Summit Tuesday.

Mr. Cook said the company has no immediate plans to accept cryptocurrency on Apple Pay or as a means of tender for its products. “But there are other things that we are definitely looking at,” he said, without specifying more.

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A bitcoin mining facility in upstate New York is using electricity from a local hydroelectric plant powered by the Niagara River. The company is part of a group of miners attempting to make the industry more sustainable, both environmentally and financially. Illustration: Alex Kuzoian/WSJ The Wall Street Journal Interactive Edition

Write to Dave Sebastian at dave.sebastian@wsj.com