Michael Dell, President of $100-billion or more market cap Dell Advancements (DELL), displayed in any event some unclear premium in bitcoin (BTC), recycling a BTC-accommodating post on X from Bitcoin evangelist Michael Saylor.
It began Thursday when Dell posted, "Shortage makes esteem." That prompted Saylor, executive chairman of MicroStrategy (MSTR), to respond with the statement "Bitcoin is Digital Scarcity," which Dell later reposted.
The transaction did not end there; Dell later shared a picture of Sesame Street's Cookie Monster that had been digitally altered—apparently by Saylor—to show the well-known children's character eating bitcoin rather than cookies.
Saylor has not only guided MicroStrategy to its acquisition of 226,331 bitcoins worth $15 billion over the course of the past almost four years (the most recent being the acquisition of 11,900 BTC just this week), but he has also advocated for other businesses to follow suit with their own balance sheets. Saylor is the company's first CEO and is now executive chairman.
Only a small number of other businesses have included bitcoin in their treasury strategies up to this point, and none have done so to the same extent as Saylor has with MicroStrategy.
As of May 3, Dell's balance sheet contained $34.6 billion of current assets, $5.8 billion of which were cash and cash equivalents, according to a recent filing. Bitcoin isn't referenced.
It began Thursday when Dell posted, "Shortage makes esteem." That prompted Saylor, executive chairman of MicroStrategy (MSTR), to respond with the statement "Bitcoin is Digital Scarcity," which Dell later reposted.
The transaction did not end there; Dell later shared a picture of Sesame Street's Cookie Monster that had been digitally altered—apparently by Saylor—to show the well-known children's character eating bitcoin rather than cookies.
Saylor has not only guided MicroStrategy to its acquisition of 226,331 bitcoins worth $15 billion over the course of the past almost four years (the most recent being the acquisition of 11,900 BTC just this week), but he has also advocated for other businesses to follow suit with their own balance sheets. Saylor is the company's first CEO and is now executive chairman.
Only a small number of other businesses have included bitcoin in their treasury strategies up to this point, and none have done so to the same extent as Saylor has with MicroStrategy.
As of May 3, Dell's balance sheet contained $34.6 billion of current assets, $5.8 billion of which were cash and cash equivalents, according to a recent filing. Bitcoin isn't referenced.
