Dell Technologies did not mention BTC in its Q2 earnings report or during its earnings call, despite recent social media activity by CEO Michael Dell hinting at an interest in Bitcoin.
The company’s statement on August 29 focused on strong earnings driven by rising demand for artificial intelligence, without making any reference to Bitcoin in its balance sheet or results document.
Speculation about Dell’s possible involvement with Bitcoin increased in June after Michael Dell made a series of cryptic social media posts expressing bullish sentiments about the cryptocurrency. These posts led some to believe that Dell Technologies could follow in the footsteps of companies like Tesla and MicroStrategy by investing in Bitcoin.
However, Dell’s Q2 earnings report provided no indication that the company was taking any steps in that direction. The rumors were first sparked by a simple post on social media by Michael Dell that stated “rarity brings value.” While the post did not directly reference Bitcoin, it did spark significant discussion among followers, including MicroStrategy CEO Michael Saylor’s response that “Bitcoin is Digital Rarity.”
While Michael Dell has shown interest in cryptocurrencies through various posts, such as a picture of a Cookie Monster eating Bitcoin and a video of BlackRock CEO Larry Fink supporting Bitcoin investments, there is no concrete evidence that Dell Technologies plans to invest in Bitcoin.
*This is not investment advice.
