Key takeaways: Michael Saylor has explained that MicroStrategy’s Bitcoin strategy factors in crypto market volatility. He also added that MicroStrategy’s balance sheet is structured so that the company can continue to hold BTC through adversity. Mr. Saylor’s comments come in the wake of Bitcoin slipping below the magic $21k price level that has been highlighted as an area for MicroStrategy to receive a margin call on its $205 million loan. Michael Saylor has stated via Twitter that MicroStrategy’s Bitcoin strategy was designed to factor in crypto volatility such as the one being experienced in the markets right now. Mr. Saylor […]

Cryptocurrency Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some other type’ of collateral if Bitcoin fell below $3,562 There have been a lot of murmurs about Microstrategy getting a margin call on its loan if Bitcoin fell below $21k Mr. Saylor had joked about working for McDonald’s as Bitcoin crashed below $32k and $30k Microstrategy’s CEO, Michael Saylor, has clarified via Twitter that the company’s $205 million loan from Silvergate bank needs to maintain a $410 million collateral. […]