The M1 chipset, for all of its amazing features, has some major issues with Bluetooth, and Apple refuses to acknowledge it. Laggy mice, inconsistent AirPods connections, etc. It's really frustrating.
Firstly, Apple doesn't acknowledge stuff like this. It doesn't mean they aren't aware or working on the problem, but they don't give public statements, so the fact they haven't said anything about BT issues means nothing at all - not even that they
refuse to acknowledge it.
Secondly, it is important that users who experience this problem (or any other), ensure that Apple know about it. Part of the process of resolving an issue is collecting data about it, and the more the better. If a user with a problem is near enough to an Apple store, return the item there and get it looked at, otherwise call Apple support - they are generally pretty good, and they do log calls and issues, and will escalate a problem if it looks significant or common.
Thirdly, call it luck or whatever, but I have not had any issues with BT on my 24-inch iMac or my M1 MBA, regardless of use of mice, keyboards or AirPods. A
major issue would almost certainly have resulted in a lot of responses in this thread alone on the subject - making it all the more important for anyone experiencing it to make sure it is reported to Apple, because observationally it otherwise doesn't look like a significant issue at all, despite the obvious frustration a problem of this kind would cause to individual users experiencing it.