Dell’s recent financial moves create a solid foundation for a potential investment in Bitcoin. Shares of Dell Technologies have increased nearly fivefold since returning to the market in December 2018. Over the past 18 months, the company’s Class C common stock has increased from $40 to $145 per share, increased Dell’s net worth to about $120 billion, making him the 14th richest person globally.
So far in 2024, Dell has cashed out $2.1 billion while retaining 58% ownership of the company. In other words, he has excess capital available to deploy into the Bitcoin market, especially in light of growing US debt, which could negatively impact the value of the US dollar in the near future. future.
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