Could Dell be seeking to pull a script from MicroStrategy's playbook?

Source Fxstreet
  • Billionaire Michael Dell drew the crypto community's attention after reposting a comment by Michael Saylor.
  • Michael Dell went on to post a meme of a cookie monster eating Bitcoin following Saylor's comment.
  • Dell may be hinting at Bitcoin adoption following the trail of comments between him and Saylor.

Following a series of X posts on Friday indicating a potential interest in Bitcoin, several crypto community members speculated that Michael Dell and his company could be looking to employ the MicroStrategy Bitcoin playbook.

Michael Dell hints at Bitcoin adoption

Michael Dell, founder and CEO of Dell Technologies (DELL), has shown interest in Bitcoin after a series of X posts involving him and Michael Saylor on Friday.

Also read: Bitcoin Weekly Forecast: Is BTC out of the woods?

The two garnered the attention of crypto community members after Dell reposted Saylor's comment on an initial post he made. On Thursday, Dell made a post stating, "Scarcity creates value." This drew Saylor's attention, who replied, "Bitcoin is digital scarcity."

Observers have been watching both parties' comments, and many have speculated that Dell might be considering acquiring the digital asset.

A few hours later, Dell launched an X poll asking what the next big breakthrough in tech will be. From a list that included AI, Quantum Computing and Space Tech, Blockchain quickly grabbed the highest votes.

Read more: German government’s Bitcoin transfer sends BTC price lower after MicroStrategy almost triggers rally

As if that wasn't enough, Dell went further and posted a meme picture of Sesame Street's Cookie Monster eating Bitcoin. This attracted more questions from crypto community members, who seemed to be reading between the lines.

The big question among speculators is now whether Dell wants to add Bitcoin to his company's balance sheet just like Saylor has been doing at MicroStrategy.

Dell Technologies is currently valued at over $100 billion, and Michael Dell is its majority shareholder, holding 58.9% of the company's shares.

Also read: Bitcoin price continues to plummet as whale activities deepen

His recent posts about Bitcoin suggest that he may be following a script from MicroStrategy's playbook. MicroStrategy's shares rose 3% on Thursday following the acquisition of an additional 11,931 Bitcoin.

Bitcoin is trading around $64K, down 1.5% in the past 24 hours, as Michael Dell's move hasn't positively impacted its price as many would expect.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Yen Nears 160 Mark Again, Is Japan Intervention Imminent? As the US dollar continues to strengthen, the yen is once again approaching a key psychological level. During the Friday Asian trading session, USD/JPY (USDJPY) rose to near the 160 level
Author  TradingKey
8 hours ago
As the US dollar continues to strengthen, the yen is once again approaching a key psychological level. During the Friday Asian trading session, USD/JPY (USDJPY) rose to near the 160 level
placeholder
WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.
Author  FXStreet
18 hours ago
 West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.
placeholder
Goldman Sachs Raises Oil Price Forecasts and Warns Oil May Break All-Time Highs if Strait of Hormuz Disruption PersistsTradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
Author  TradingKey
Yesterday 10: 00
TradingKey - As tensions in the Middle East continue to escalate, concerns over supply disruptions in the energy market are heating up rapidly. Goldman Sachs' latest report raised its crude oil price
placeholder
SEC, CFTC move past turf battle as Bitcoin approaches $70KThe SEC and the CFTC entered into a memorandum of understanding to work together on a regulatory framework.
Author  Cryptopolitan
Yesterday 09: 59
The SEC and the CFTC entered into a memorandum of understanding to work together on a regulatory framework.
placeholder
Gold weakens as inflation concerns lift US bond yields and USD; downside remains cushionedGold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area.
Author  FXStreet
Yesterday 06: 01
Gold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area.
Related Instrument
goTop
quote