2024

Bitcoin

<ul class="news-points">
 <li><strong>Michael Dell sells $1.2 billion worth of Dell stock in his second major sale this month. </strong></li>
 <li><strong>Dell Technologies stock rose 55% this year, driven by demand for AI-related infrastructure. </strong></li>
 <li><strong>Speculation grows over Dell’s cryptic posts, sparking Bitcoin-related investment rumors. </strong></li>
</ul>
<p>Michael Dell, founder and CEO of Dell Technologies, has <a href="https://investors.delltechnologies.com/static-files/2eb6a503-caad-4d79-8aa3-fb4e271133e4" target="_blank" rel="noopener noreferrer nofollow">sold $1.2 billion</a> worth of company stock this month, sparking speculation about his potential interest in Bitcoin. This comes after Dell shared cryptic social media posts referencing <a href="https://x.com/MichaelDell/status/1803738385590231505" target="_blank" rel="noopener noreferrer nofollow">“digital scarcity”</a> and reposting Bitcoin proponent Michael Saylor.</p>
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   <p lang="en" dir="ltr">Michael Dell has filed to sell $1.2 billion worth of Dell stock.<br><br>Is he preparing to buy Bitcoin? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/dg4Bh8CKcK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dg4Bh8CKcK</a></p>— Wealth Mastery by Lark Davis (@WealthMastery_) <a href="https://twitter.com/WealthMastery_/status/1841043117643899273?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
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<p>Dell still holds more than 16.91 million shares, worth over $2 billion at the time of filing. Dell Technologies’ shares have risen by 55% this year, driven by the increasing demand for AI technologies. The company has leveraged on the demand increase for AI-related infrastructure with a specific focus on servers that support AI applications.</p>
<h2 class="wp-block-heading" id="h-dell-technologies-returns-to-s-amp-p-500">Dell Technologies Returns to S&amp;P 500</h2>
<p>Worth noting…</p>
<p>The post <a href="https://coinedition.com/michael-dells-1-2b-stock-sale-fuels-bitcoin-rumors/" rel="noopener noreferrer nofollow">Michael Dell’s $1.2B Stock Sale Fuels Bitcoin Rumors</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Michael Dell’s $1.2B Stock Sale Fuels Bitcoin Rumors

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