Support for Bitcoin from the CEO of a 102 Billion Dollar Company

Michael Dell, CEO of Dell Technologies, which has a market value of $102 billion, supported Bitcoin (BTC) on social media.

Michael Dell shared a post on social media this week saying, "Scarcity creates value."

Response from Michael Saylor

Michael Saylor, CEO of software company MicroStrategy, responded to Dell's post as "Bitcoin is Digital Scarcity". Dell republished Saylor's post.

The interaction between the two was not limited to this. Dell later shared the image of Cookie Monster eating Bitcoin instead of cookies.

One of the biggest names in Bitcoin

Michael Saylor, who was formerly CEO of MicroStrategy, currently serves as the company's chief executive officer.

Under the leadership of Michael Saylor, MicroStrategy recognized Bitcoin as a reserve asset and began purchasing Bitcoin in 2020. The company purchased a total of 226 thousand 331 Bitcoins in the last four years.

Just a few days ago, it was learned that MicroStrategy purchased another 11,900 Bitcoins.

Unlike MicroStrategy, Dell Technologies does not have Bitcoin on its balance sheet. The company had $34.6 billion in assets as of May 3.