Michael Dell, the CEO of Dell Technologies (DELL), a company valued at over $100 billion, expressed at least a passing interest in bitcoin (BTC) by forwarding a post from bitcoin advocate Michael Saylor on X that was favorable to BTC. Dell blogged on Thursday, stating that “Scarcity creates value.” Saylor, the executive chairman of MicroStrategy (MSTR), responded to that by stating, “Bitcoin is Digital Scarcity,” which Dell later reposted.
Dell later shared a picture of Cookie Monster from Sesame Street that had been digitally edited, presumably by Saylor, to portray the well-known children’s monster chomping on bitcoin rather than cookies. This conversation didn’t stop there.
Saylor has served as CEO and executive chairman of MicroStrategy for the past almost four years. During that time, the company has acquired 226,331 bitcoin for a total value of $15 billion, with the most recent acquisition occurring this week. Saylor has also advocated for other corporations to adopt similar practices with their own balance sheets.
Fewer businesses than Saylor’s MicroStrategy have included bitcoin into their treasury plans up to this time. Dell’s balance sheet as of May 3 showed $34.6 billion in current assets, of which $5.8 billion were cash and cash equivalents, according to a recent filing. There is no mention of bitcoin.