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  • Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet
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Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

cryptovert June 22, 2024 2 min read

Michael
Dell,
CEO
of
$100-billion-plus
market
cap
Dell
Technologies
(DELL),
showed
at
least
some
vague
interest
in
bitcoin

(BTC)
,
recirculating
a
BTC-friendly
post
on
X
from
Bitcoin
evangelist
Michael
Saylor.

It
started
Thursday
when

Dell
posted
,
“Scarcity
creates
value.”
That
prompted
a

reply
from
Saylor
,
the
executive
chairman
of
MicroStrategy
(MSTR),
saying,
“Bitcoin
is
Digital
Scarcity,”
which
Dell
then
reposted.

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    Extends
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    1:02:43


    Why
    Financial
    Advisors
    Are
    So
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    a
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    02:21


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    Traders
    See
    the
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    of
    a
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    ETF?

Saylor/Dell

The
exchange
didn’t
end
there,
with

Dell
later
posting

an
image
of
Sesame
Street’s
Cookie
Monster
that
had
been
digitally
altered
(apparently
by
Saylor
)
to
show
the
famous
children’s
character
gobbling
bitcoin
instead
of
cookies.

As
first
CEO
and
now
executive
chairman
at
MicroStrategy,
Saylor
has
not
only
led
that
company
to
its
acquisition
of
226,331
bitcoin
worth
$15
billion
over
the
past
almost
four
years
(the
latest
being

the
acquisition
of

11,900
BTC
just
this
week),
but
he’s
also
evangelized
for
other
corporations
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
to
anywhere
near
the
extent
of
what
Saylor
has
done
with
MicroStrategy.


Per
a
recent
filing
,
Dell
had
$34.6
billion
of
current
assets
on
its
balance
sheet
as
of
May
3,
with
$5.8
billion
of
that
in
cash
and
cash
equivalents.
Bitcoin
isn’t
mentioned.

Edited
by
Nick
Baker.

Continue Reading

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Next: McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption ‘Still Far Away’

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