Key Takeaways
- Michael Dell, CEO of Dell Technologies, engaged with Bitcoin advocate Michael Saylor on social media.
- Dell reposted Saylor's statement linking Bitcoin to digital scarcity.
- MicroStrategy, led by Saylor, has acquired 226,331 Bitcoin worth $15 billion over four years.
Michael Dell, CEO of Dell Technologies (DELL), recently indicated an interest in Bitcoin through a social media exchange with Michael Saylor, executive chairman of MicroStrategy (MSTR).
The interaction took place on X, where Dell reposted Saylor’s comment linking Bitcoin to digital scarcity.
The exchange began on Thursday when Dell tweeted:
Scarcity creates value.
Saylor replied:
Bitcoin is Digital Scarcity
This prompted Dell to retweet the statement.
Dell continued the conversation by posting an image of Sesame Street’s Cookie Monster altered to depict the character consuming Bitcoin instead of cookies, apparently created by Saylor.
Saylor’s Bitcoin push
Saylor has been a prominent advocate for Bitcoin, leading MicroStrategy to acquire 226,331 Bitcoin valued at $15 billion over the past four years, including a recent purchase of 11,900 BTC.
He has also encouraged other companies to adopt Bitcoin as part of their treasury strategies, although few have followed MicroStrategy’s extensive lead.
Dell Technologies, with a market capitalization exceeding $100 billion, reported $34.6 billion in current assets as of May 3, including $5.8 billion in cash and cash equivalents. Bitcoin was not mentioned in their latest financial filings.
