There have been rumors online that Dell Technologies is preparing to buy bitcoins. Yesterday, the company released its financial results for Q2.
Will Dell buy bitcoin?
It all started on June 20, when Michael Dell, CEO of Dell, wrote on his X profile:
Scarcity creates value.
But was it about bitcoin? One might think not. Except that the post was commented on by Michael Saylor, who wrote that “bitcoin is digital scarcity.” Dell responded by sharing the post on his profile.
In addition, there was an entry with… Cookie Monster, who eats bitcoins, which can cause severe indigestion.
And it didn’t end there. On June 21, the hero of this text launched a survey in which he asked his followers on X to express their opinion on what they think will be the next significant breakthrough in technology. Blockchain technology won.
Then the tension died down. For a while. On July 15, Dell released a video of Blackrock CEO Larry Fink describing BTC as a “legal financial instrument.” Dell’s CEO called it “fascinating.”
All this has led to speculation as to whether Dell Technologies is investing in cryptocurrencies behind the scenes.
To invest or not to invest – that is the question!
Dell Technologies has published its financial results for the second quarter of this year. Many expected that the company would then announce that it was investing in BTC. That did not happen.
Dell’s posts (yes, the company’s CEO again) suggest that something may be happening in this regard. Either he is investing in bitcoin himself or he is simply analyzing the topic with his colleagues and wondering whether to enter the blockchain market as a company.
The company’s total revenue in Q2 2024 was $25 billion, up 9% year-on-year. The company has plenty to invest in the market.
