tl;dr
Michael Dell, CEO of Dell Technologies, expressed some interest in bitcoin by sharing a BTC-friendly post from Michael Saylor, a Bitcoin evangelist. This interaction included a discussion about the concept of scarcity and a digitally altered image of Sesame Street's Cookie Monster, symbolizing bitco...
Michael Dell, CEO of Dell Technologies, has shown some interest in Bitcoin by sharing a BTC-friendly post from Michael Saylor, chairman of MicroStrategy. This digital exchange included a discussion about scarcity and a digitally altered image of Sesame Street's Cookie Monster, symbolizing Bitcoin adoption.
In 2023, Bitcoin hit a fresh high and saw $1 billion in BTC withdrawals, suggesting a bullish mood in the Bitcoin ecosystem. This positive momentum has financial advisors excited about the potential arrival of a spot Bitcoin ETF, sparking speculation about its impact.
The exchange between Michael Dell and Michael Saylor continued with Saylor advocating for companies to invest in Bitcoin, highlighting the contrast with Dell's current balance sheet, which does not feature Bitcoin holdings. This interaction signifies a growing interest in Bitcoin within corporate finance circles.
Amidst these developments, it's worth noting that while MicroStrategy has acquired significant amounts of Bitcoin, few other companies have integrated it into their treasury strategies to the same extent. As of May 3, Dell Technologies had $34.6 billion in current assets, with no mention of Bitcoin.
More about Dell Technologies Inc
Dell Technologies Inc. Stock Analysis Summary
Dell Technologies Inc. is a global company that specializes in designing, developing, manufacturing, marketing, selling, and supporting information technology solutions, products, and services. It is headquartered in Round Rock, Texas.
Industry: Technology
Sector: Electronic Computers
Market Cap: 105.86B
Current Price: $30.52
Change: 1.555
Change %: 4.89%
52-Week Range: $125.34
EPS: $0.04
Revenue: 89.75B
PE Ratio: 155.52
Dividend Yield: 0.671%
Beta (5Y Monthly): 0.063
More about MicroStrategy Incorporated
MicroStrategy Incorporated Summary MicroStrategy Incorporated
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: $26.06 billion
Dividend Yield: None
Beta (5Y Monthly): -10.73
PE Ratio (TTM): 32.62
EPS (TTM): -0.174
Revenue: $489.59 million
Net Income: $1.95 billion
Profit Margin: -0.775
Operating Margin: -0.055