If the exchange rate was too low, MSFT would lose money. If it was too high, they'd be breaking a number of very basic but important laws that are designed to protect consumers.
If the exchange rate was too low, MSFT would lose money. If it was too high, they'd be breaking a number of very basic but important laws that are designed to protect consumers.
I'm inclined to guess that all the BTC in the news just led them to a more fundamental reconsideration of their bet that it is (or will become) a viable unit of exchange. There are a lot of take-aways you could get from recent events that might lead to that decision, but the most fundamental one is simply that it's become clear that a huge portion of the people controlling Bitcoin's future don't want it to become one.
By December the same year the price "[had] crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range."
Here's a graph showing the rate from July '13 to June '15:
https://en.wikipedia.org/wiki/History_of_Bitcoin#/media/File....