Michael Dell’s Bitcoin post sparks massive BTC purchase speculations

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Dell's tweet comes on the heels of his $2.1 billion cashout from his Dell Technologies Class C common stock holdings.

Michael Dell, founder and CEO of Dell Technologies, has generated excitement with a curious message suggesting that his company might explore Bitcoin (

For instance, Dell Technologies’ stock has appreciated nearly fivefold since its return to the public market in December 2018. In the past 18 months alone, the company’s Class C common stock has surged from $40 to $145 per share, quadrupling Dell’s net worth to around $120 billion, making him theSo far, in 2024, Dell has cashed out $2.1 billion while retaining 58% of the company's ownership.

For corporates, holding even a small percentage of the balance sheet in Bitcoin—say 1%—could give them a significant edge over competitors. "Bitcoin is the single best asset to position yourself in for outsized risk-adjusted returns over any multi-year timeframe," noted Consorti, adding:

 

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