As an experienced financial analyst, I find Michael Dell’s recent interest in bitcoin intriguing, given the massive market cap of his company, Dell Technologies. His exchange with MicroStrategy’s executive chairman, Michael Saylor, who has been a vocal advocate for corporations to invest in bitcoin as digital scarcity, is noteworthy.
Michael Dell, the CEO of the multibillion-dollar corporation Dell Technologies (DELL), expressed some tentative curiosity towards bitcoin (BTC). He shared a pro-bitcoin message originally posted by Bitcoin advocate Michael Saylor on social media platform X.
On Thursday, Dell initiated a conversation by posting, “Scarcity leads to value.” In response, Michael Saylor, the executive chairman of MicroStrategy (MSTR), commented, “Bitcoin embodies digital scarcity.” Dell subsequently shared Saylor’s comment.
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Later on, Dell added a modified image of Cookie Monster from Sesame Street to their exchange. This image, allegedly edited by Saylor, depicted the beloved children’s character consuming bitcoins rather than his usual cookies.
As an analyst, I’ve observed that a limited number of other firms have integrated bitcoin into their treasury strategies, and none have approached it as extensively as MicroStrategy under my observation.
As a crypto investor, I’d rephrase it like this: Based on the latest financial report, Dell held approximately $34.6 billion in current assets as of May 3rd, with around $5.8 billion being cash and equivalents in hand. No mention was made about Bitcoin holdings in the filing.
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2024-06-21 19:05