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
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.
Author  FXStreet
Aug 22, 2023
Prioritize filling the $27,000 gap and even try higher.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly highSilver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Author  FXStreet
Apr 23, Thu
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
placeholder
Gold drops below $4,700 on stronger US Dollar, Middle East tensions Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Friday. The precious metal attracts some sellers amid a stronger US Dollar (USD) and elevated oil prices that stoked inflation worries. 
Author  FXStreet
Apr 24, Fri
Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Friday. The precious metal attracts some sellers amid a stronger US Dollar (USD) and elevated oil prices that stoked inflation worries. 
placeholder
WTI sticks to modest gains above $94.00 as Hormuz standoff fuels supply concernsWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.
Author  FXStreet
12 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.
Related Instrument
goTop
quote