Bitcoin
Billionaire Tech CEO Michael Dell Signals Interest in Bitcoin via Michael Saylor Retweet
Michael Dell, CEO of Dell Technologies (DELL), with a market cap of over $100 billion, has shown at least some vague interest in bitcoin (BTC)recirculating a BTC-friendly post on X by Bitcoin evangelist Michael Saylor.
It all started on Thursday, when Dell posted, “Scarcity creates value.” This motivated a Saylor’s responsethe executive chairman of MicroStrategy (MSTR), saying, “Bitcoin is digital scarcity,” which Dell then reposted.
The exchange did not end there, with Dell later post an image of Cookie Monster from Sesame Street that has been digitally altered (apparently by Saylor) to show the famous children’s character devouring bitcoins instead of cookies.
As MicroStrategy’s first CEO and now executive chairman, Saylor has not only led the company to the acquisition of 226,331 bitcoins worth $15 billion over the past nearly four years (the last being the acquisition of 11,900 BTC this week alone), but he also advocates for other companies to follow suit with their own balance sheets.
To this point, only a small number of other companies have seen fit to make bitcoin a part of their treasury strategies, and none have come close to the extent of what Saylor has done with MicroStrategy.
According to a recent filing, Dell had $34.6 billion in current assets on its balance sheet as of May 3, with $5.8 billion in cash and cash equivalents. Bitcoin is not mentioned.