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Financial engineering at its best!!! The too long didn’t watch (TLDW) of this video is the creator explaining how Dell can copy the MicroStrategy playbook to acquire 500,000 BTC but gives in detail and thus increasing shareholder value by basically using debt to get more bitcoin.
What if that trade is dead already? Instead of doing financial engineering with bitcoin as the baseline why not create new Dell products that people may want to own and buy and increase shareholder value the old fashioned way.
Why not create a product based on bitcoin software slap a Dell brand on it and acquire bitcoin by sales? That too much to ask?
After watching this video it’s s so easy to open my brokerage account and load up on Dell shares because they may do this but another part of me is like what happened to just making a great product on mass. Use the profits to Paying down debt and buy bitcoin. Empowering your employees and the communities they live in and push humanity forward without being in debt to the banks.
It's interesting that we saw Dell tweeting about Bitcoin but the company didn't add any at all to its balance sheet. Maybe he is buying personally but so far it looks like the company will not be adding Bitcoin, at least this fiscal year.
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124 sats \ 1 reply \ @Wumbo 3 Oct
Does he have control of the board of Dell?
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He has majority voting rights. Whether he has the willingness to invoke them to override the board is another question
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84 sats \ 1 reply \ @0xIlmari 3 Oct
I don't think there's anywhere close to that amount of Bitcoin available for sale. There's maybe 5000 available on spot order books worldwide. There may be more on exchanges (although we know that a lot of Bitcoin has left exchanges) waiting to be put up for sale, but either way, anyone trying to buy anything close to this amount would be putting a massive upwards pressure on price.
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This is true as well
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45 sats \ 1 reply \ @nym2024 3 Oct
Couldn't any large company theoretically do this?
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Does Michael Dell have enough power to make the decision to add Bitcoin to the balance sheet? From my view it is a pretty conservative company to be playing this strategy.
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