Michael Dell’s $1.2B Stock Sale Fuels Bitcoin Rumors
AI
2024
2024
BTC
CEO
- Michael Dell sells $1.2 billion worth of Dell stock in his second major sale this month.
- Dell Technologies stock rose 55% this year, driven by demand for AI-related infrastructure.
- Speculation grows over Dell’s cryptic posts, sparking Bitcoin-related investment rumors.
Michael Dell, founder and CEO of Dell Technologies, has sold $1.2 billion worth of company stock this month, sparking speculation about his potential interest in Bitcoin. This comes after Dell shared cryptic social media posts referencing “digital scarcity” and reposting Bitcoin proponent Michael Saylor.
Michael Dell has filed to sell $1.2 billion worth of Dell stock.
— Wealth Mastery by Lark Davis (@WealthMastery_) October 1, 2024
Is he preparing to buy Bitcoin?pic.twitter.com/dg4Bh8CKcK
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.
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