Another billionaire has expressed interest in Bitcoin, and this time it’s none other than Michael Dell, the CEO of Dell Technologies. With a market capitalization exceeding $100 billion, Dell’s potential interest in Bitcoin was hinted at through a series of social media exchanges with Bitcoin bull Michael Saylor.
It all started when Dell posted a cryptic message on its social media account, stating that “rarity creates value.” Saylor, the executive chairman of MicroStrategy, responded to this statement by saying, “Bitcoin is a Digital Rarity.” Dell then retweeted Saylor’s BTC-friendly post, suggesting that the company may indeed be interested in Bitcoin.
But the conversation didn’t end there. Dell later shared a digitally altered image of Sesame Street’s Cookie Monster, where the character was seen consuming Bitcoin instead of cookies. This image, modified by Saylor, added a touch of humor to the otherwise serious cryptocurrency debate.
Saylor, who led MicroStrategy in purchasing 226,331 Bitcoins worth $15 billion over the past four years, has been a strong advocate for other companies to include Bitcoin on their balance sheets. However, only a few companies have followed suit, and none have been as successful as MicroStrategy.
Dell, on the other hand, had $34.6 billion in current assets on its balance sheet as of May 3, with $5.8 billion in cash and cash equivalents. Interestingly, Bitcoin was not mentioned at all in Dell’s recent filing.
While it remains to be seen whether Dell will actually invest in Bitcoin, it is clear that the company is at least considering the possibility. With more billionaires and major companies showing interest in Bitcoin, the cryptocurrency’s popularity and value continue to grow.
Disclaimer: This article does not constitute investment advice.
