Categories: MarketsMenafn

Michael Dell Might be on the Bitcoin Team

The crypto community went wild today after Michael Dell, CEO of Dell Technologies, showed a subtle interest in Bitcoin (BTC) by reposting a BTC-friendly message on X from MicroStrategy’s founder, Michael Saylor.

The 10th richest man in the world just reposted this comment by Michael Saylor.

Michael Dell is worth a whopping $120 billion.

The billionaires are coming. #Bitcoin pic.twitter.com/ID4sRpdcuv

— The ₿itcoin Therapist (@TheBTCTherapist) June 21, 2024

Is Michael Dell On the Bitcoin Wagon?

The interaction began on Thursday when Dell posted, “Scarcity creates value.” Saylor responded, “Bitcoin is Digital Scarcity,” which Dell reposted. This exchange led crypto users to believe that the CEO of a $100B company like DELL has some level of interest or involvement with Bitcoin.

However, Dell didn’t explicitly mention anything related to holding Bitcoin or showing direct interest in the coin. But he did post an image of Sesame Street’s Cookie Monster, digitally altered (apparently by Saylor) to show the character gobbling Bitcoin instead of cookies.

This single publication caused a wave of positive comments from the crypto community, with many renowned figures welcoming Michael Dell to the Bitcoin team.

Great to have you on team #Bitcoin Michael!

— Preston Pysh (@PrestonPysh) June 21, 2024

It should be noted that DELL does not hold Bitcoin in its $34.6 billion balance sheet.

It’s not the same for MicroStrategy. As CryptoMode reported, the business intelligence firm has purchased over 11,000 BTC, acquired for roughly $8.3B, using the proceeds from convertible notes and excess cash.

MicroStrategy had to increase the debt offering to over $700M, given the from investors, and completed the round this same week.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.