DELL is going to buy Bitcoin! Consultation response from SEC made public: Direct purchase without needing to ask shareholders first, we will not enforce.

The U.S. SEC responded to DELL’s purchase of bitcoin reserves, arguing that the purchase of bitcoin is purely commercial and does not require shareholder consent, and does not recommend that the SEC committee enforce this. (Synopsis: Dell founder: Bitcoin is a major profit, turn Michael Saylor tweeted “BTC scarcity creates value”) (Background supplement: Dell DELL founder: optimistic about blockchain, but will skip Bitcoin; 7 years ago tried BTC payment computer 9% off) American computer company DELL last year reported that the founder frequently shouted to buy bitcoin, causing mixed feelings for investors, and a recent Dell consulting SEC document exposed, SEC documents pointed out that the purchase of bitcoin by companies is a normal internal business practice, according to the relevant laws, if there is no shareholder meeting to solicit, the SEC believes that it should not be enforced, the news also triggered a discussion on how American companies legally buy bitcoin, which is considered positive by the industry. Content of the letter The letter was sent to the SEC by Hogan Lovells US LLP, which oversees the firm’s shareholder proposal at the National Center for Public Policy Research, in which the firm responds to a shareholder request from shareholders at a shareholders’ meeting on the purchase of bitcoin, which simply translates as follows: This letter is intended to respond to your inquiries regarding shareholder proposals submitted by the National Center for Public Policy Research (the “Proposals”). The proposal is intended to be included in the solicitation of proxy statements for the Company’s upcoming Annual General Meeting. The proposal requires the company’s board of directors to conduct an evaluation to determine whether it is in the best interest of shareholders to include bitcoin in the company’s inventory assets. There is a view that the company can exclude the proposal under rule 14a-8(i0192837465748392010192837465748392017019283746574839201 (involving the company’s daily operations). In our view, the proposal relates to the day-to-day operations of the company. Therefore, if a company removes the proposal from its proxy solicitation materials pursuant to Rule 14a-8)i019283737465657483920101928374656574839392017019283746574839201, we will not recommend that the Committee take enforcement action against it. Industry & Market Impact The SEC’s response to the document, which may represent that all U.S. companies’ purchases of bitcoin can now be regarded as “purely commercial” and that they will not take enforcement action against companies that purchase bitcoin without the consent of shareholders, may represent that the process of purchasing bitcoin by U.S. companies will be “simpler than ever.” In the past, DELL’s stock price also rose 14.26% in a week, considering the date of the document, which may also be mixed with the market reaction to DELL’s intention to invest in bitcoin, and in the past, DELL founder Michael Dell also talked about bitcoin on various occasions, and now the hands and feet can be said to be free, and the future may soon see DELL and other traditional American companies buy bitcoin reserves. Related reports MicroStrategy announced that it would increase its position in Bitcoin by another $500 million, and the stock price fell by nearly 8%, and the magic of BTC pulled failed? MicroStrategy adds another 12,000 BTC! Can you make money buying with Microstrategy? Legendary investor Soros holds more than $257 million in “micro-strategy convertible bonds”, embracing bitcoin in disguise “Dell is going to buy bitcoin! Consulting the SEC replied to the letter publicly: Buy directly without asking shareholders first, we will not enforce the law” This article was first published in BlockTempo “Dynamic Trend - The Most Influential Blockchain News Media”.