Dell CEO sold another 10 million shares of the company's stock in September, worth about $1.22 billion

Michael Dell, founder and CEO of technology company Dell Technologies, reduced his holdings of 10 million shares of the company's stock, worth about $1.22 billion, in the second major sale in September. A filing with the U.S. SEC on September 30 showed that after selling the 10 million shares, Dell still held more than 16.91 million shares of the company's stock at press time, worth more than $2 billion. This is Dell's second sell-off in a month. Just a few days ago, on September 23, it disclosed that it sold 10 million shares of the company's stock in seven transactions between September 19 and September 23, worth about $1.17 billion. According to Google Finance data, Dell Technologies' stock price has risen 58.5% this year. The rise allowed it to rejoin the S&P 500 index, which tracks the 500 largest public companies in the United States, on September 24. It is not clear why Dell sold such a large amount of company stock, but traders have not yet reacted to Dell's selling. On September 30, Dell's stock price fell only 0.33% in after-hours trading, and rose 0.74% in the past five trading days. (Cointelegraph) Earlier in July, Michael Dell forwarded a video of BlackRock co-founder and CEO Larry Fink's interview with CNBC on the X platform, and called Bitcoin fascinating (Fascinating Bitcoin). Larry Fink said that he was wrong about Bitcoin five years ago, and reiterated that Bitcoin is digital gold and called it a legitimate financial instrument.