Tech Billionaire Michael Dell Shows Interest in Bitcoin Through Retweet from Michael Saylor
Billionaire Tech CEO Michael Dell Shows Interest in Bitcoin Through Retweet
Michael Dell, the CEO of Dell Technologies, a company with a market cap exceeding $100 billion, recently displayed a hint of curiosity towards bitcoin (BTC) by sharing a BTC-positive post on X from well-known Bitcoin advocate Michael Saylor.
The interaction began when Dell posted a message on Thursday stating, “Scarcity creates value.” This prompted a response from Saylor, the executive chairman of MicroStrategy, who replied, “Bitcoin is Digital Scarcity.” Dell then reposted Saylor’s comment.
The engagement didn’t stop there, as Dell later shared an image of Sesame Street’s Cookie Monster, digitally altered by Saylor to depict the character consuming bitcoin instead of cookies.
Saylor, who has been instrumental in MicroStrategy’s acquisition of 226,331 bitcoins valued at $15 billion over nearly four years, continues to advocate for other companies to follow suit by adding bitcoin to their balance sheets. MicroStrategy recently acquired an additional 11,900 BTC.
Despite Saylor’s efforts, only a handful of companies have integrated bitcoin into their treasury strategies, none on the scale of MicroStrategy.
According to a recent filing, Dell reported $34.6 billion in current assets on its balance sheet as of May 3, with $5.8 billion in cash and equivalents, with no mention of bitcoin holdings.
The engagement between Dell and Saylor highlights the growing interest and dialogue surrounding bitcoin among prominent figures in the tech and business sectors.
Edited by Nick Baker.
