Will Dell Announce Bitcoin Investments? Q2 earnings in focus
Dell Technologies' upcoming second-quarter earnings are set to be released after the US market closes on Thursday. However, the crypto community is full of different hopes.
Speculations of a possible Bitcoin-related announcement gripped fans. Wall Street looks for update on Dell AI server market, but crypto sector awaits Bitcoin announcements
Will Dell Disclose Bitcoin Purchases?
Bitcoin enthusiast Daniel Semper Pico at X (formerly Twitter) speculated if Dell would disclose BTC purchases. He joked about Cookie Monster “eating” Bitcoin, which was posted by Dell Technologies CEO Michael Dell from June 2024.
This gaming image combined with another Michael Dell fueled rumors of a scarcity price.
Read more: Who will have the most Bitcoins in 2024?
If Dell Technologies makes any investments in Bitcoin between April and June 2024, it is obligated to disclose these during the earnings call. This standard has the crypto community eagerly awaiting the earnings call, hoping for big news.
“Bitcoin bull market is going to be crazy. If Dell has Bitcoin on their balance sheet, no one is prepared for what's coming,” commented a social media user known as Bitcoin Therapist.
Also, Michael Dale's interaction added to the hype. In July, BlackRock CEO Larry Fink shared a video discussing Bitcoin, further fueling the rumor.
Dell's historic relationship with Bitcoin began with accepting it as a payment method in 2015.
In addition, many other companies hold Bitcoin on their balance sheets. Earlier this week, Semler Scientific announced that it had purchased more Bitcoins, now holding 1,012 Bitcoins worth a total of $68.0 million.
Eric Semler, chairman of Semler Scientific, emphasized the growing institutional adoption of Bitcoin.
“We are seeing increasing institutional adoption of bitcoin. For the first time recently, institutions were reported to hold more than 20% of bitcoin ETF assets under management. We believe this increasing institutional adoption will bring value to both bitcoin prices and our shareholders,” Semler said.
Read more: How to buy Bitcoin (BTC) and everything you need to know
Moreover, heavyweights such as Goldman Sachs and DRW Capital have shown significant investments in cryptocurrencies, with a combined Bitcoin and Ethereum ETF of more than $600 million. These disclosures, along with recent 13F filings with the SEC, fuel interest in digital assets among established investors.
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