Cryptocurrency
Michael Dell Sells $1.22 Billion Worth of Dell Technologies Shares
Wednesday. October 2 at 10:00 AM
1 min. readMichael Dell, the CEO of Dell Technologies, recently sold 10 million shares of his company for approximately $1.22 billion in his second major sale of September. A filing with the SEC on Sept. 30 revealed that Dell still retains over 16.91 million shares valued at more than $2 billion. This marks Dell's second significant share sale in a month, following a previous sale of 10 million shares worth $1.17 billion. Dell Technologies' stock has surged by 58.5% this year, leading to its re-inclusion in the S&P 500. The company's success is attributed to the growing demand for AI technology. Despite Dell's interest in Bitcoin, his company did not invest in the cryptocurrency in the second quarter. Dell Technologies reported a 9% increase in revenue and a record high in servers and networking revenue in August.