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>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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

Table of Contents

Coin Edition

Other articles published on Oct 1, 2024

EigenLayer Receives Attention from Whales Post Binance Listing

Trump Opens KYC for His Crypto Platform Amid ‘Scam’ Allegations

Will SEI Continue Its Positive Trend?

De.Fi World 2024 Set to Convene Industry Leaders in Bangkok on November 11

Introduction to Autolayer

Render Coin and Reef Coin: Market Price Analysis as Bitgert’s Major News Approaches

Join our free newsletter for daily crypto updates!