In a recent development, Michael Dell, CEO of Dell Technologies, a company with a market capitalization exceeding $100 billion, showed potential interest in Bitcoin (BTC).
This interest was hinted at through a series of social media exchanges involving Dell and Michael Saylor.
The conversation started when Dell posted a cryptic message on its social media account saying “Rarity creates value”.
This statement prompted Saylor, executive chairman of MicroStrategy, to respond: “Bitcoin is a digital rarity.” Dell then retweeted Saylor’s BTC-friendly post, hinting at interest in BTC.
#Bitcoin is Digital Scarcity.
— Michael Saylor⚡️ (@saylor) June 20, 2024
The exchange doesn’t stop there. Dell later shared a digitally altered image of Cookie Monster, depicting the character consuming Bitcoin instead of cookies. It looks like the image was modified by Saylor and added a bit of humor.
This is a great account to follow @MeCookieMonster. Very entertaining 😂 pic.twitter.com/RJFcNpCXrN
— Michael Dell (@MichaelDell) June 21, 2024
Saylor, now executive chairman of MicroStrategy, led the company’s purchase 226,331 Bitcoins worth $15 billion over the past four years. The most recent purchase was this week for 11,900 BTC.
However, currently only a handful of companies accept Bitcoin as part of their treasury strategy, and none have been as successful as MicroStrategy.
According to a recent filing, Dell has a current total assets worth 34.6 billion USD on the balance sheet as of May 3, which includes 5.8 billion USD is cash and cash equivalents.
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