Tech
Billionaire Tech CEO Michael Dell Signals Interest in Bitcoin with Michael Saylor Retweet
Michael Dell, CEO of Dell Technologies (DELL), a company with a market cap of over $100 billion, has shown at least some vague interest in bitcoin {{BTC}}, reposting a pro-BTC post on X by Bitcoin evangelist Michael Saylor.
It started on Thursday when Dell has released“Scarcity creates value.” This has prompted a reply from SaylorMicroStrategy (MSTR) executive chairman said, “Bitcoin is digital scarcity,” a statement later reposted by Dell.
The exchange did not end there, with Dell later released an image of Sesame Street’s Cookie Monster that had been digitally altered (apparently by Saylor) to show the popular children’s character swallowing bitcoins instead of cookies.
As MicroStrategy’s first CEO and now executive chairman, Saylor has not only led the company to acquire 226,331 bitcoins worth $15 billion over the past nearly four years (the last of which was the acquisition of 11,900 BTC this week alone), but also urged other companies to follow suit with their own balance sheets.
So far, only a handful of other firms have seen fit to integrate Bitcoin into their treasury strategies, and none have come close to what Saylor has done with MicroStrategy.
According to a recent filingDell had $34.6 billion in current assets on its balance sheet as of May 3, including $5.8 billion in cash and cash equivalents. Bitcoin is not mentioned.