Michael Dell tweeted that "scarcity creates value", a phrase often associated with bitcoin, which has a supply cap of 21 million while demand continues to rise. His tweet caught Michael Saylor's attention, and Dell then retweeted Saylor's reply, accompanied by a picture of the cookie monster eating bitcoin, raising hopes that he might invest in cryptocurrencies in the future, whether through his personal portfolio or through his company.
Dell's recent financial moves provide a strong backdrop for its potential investment in bitcoin. For example, Dell Technologies' shares have risen nearly fivefold since returning to the public markets in December 2018. In the past 18 months alone, the company's Class C common stock has soared from $40 to $145 per share, and Dell's net worth has quadrupled to about $120 billion, making him the 14th richest person in the world. As of 2024, Dell has cashed out $2.10 billion while retaining 58% ownership of the company.
Dell cashed out $2.10 billion in 2024
2024-06-22 22:04:47
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