fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, March 21, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

MicroStrategy CEO Says They Expected Crypto Carnage And Will ‘HODL Through Adversity’

June 15, 2022
in Bitcoin
Reading Time: 3 mins read
A A
MicroStrategy CEO Says They Expected Crypto Carnage And Will ‘HODL Through Adversity’
ShareShareShareShareShare

Related articles

Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements – Taxes Bitcoin News

Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements – Taxes Bitcoin News

March 21, 2023
Florida Governor Proposes Legislation To Ban Central Bank Digital Currency CBDC

Florida Governor Proposes Legislation To Ban Central Bank Digital Currency CBDC

March 21, 2023

Even while MicroStrategy’s CEO remains optimistic despite the crypto market’s current dire condition, these times have proven to be the most agonizing for all stakeholders, including the software company.

Michael Saylor, the chief executive officer of MicroStrategy, tweeted on June 14 to allay concerns that his company’s Bitcoin holdings may be about to cost them dearly. Saylor asserts that the company can withstand future BTC price declines, even if the cryptocurrency falls below $3,500.

The continuous market pandemonium has prompted the crypto bull to announce publicly that his software company is not at risk of liquidation. The financial ledgers of MicroStrategy appear to support his argument.

Suggested Reading | Crypto Companies Are Telling Employees To Pack Up, But Binance Is Hiring – Here’s Why

MicroStrategy is the biggest publicly listed independent business intelligence software firm in the US. Image: CryptoPotato.

The crypto market’s decline, which began in April, dragged on over the weekend, shedding 13 percent of its value over the past 24 hours. Since Friday, the value of leading cryptocurrencies Bitcoin and Ether has decreased by 15 percent and 26 percent, respectively.

Bitcoin is currently trading at $20,253, a decrease of 35.1% for the past week, while Ethereum is trading at $1,029, a decrease of 43.2% in the same timeframe, according to Coingecko data published Wednesday.

MicroStrategy Saw It Coming And Doesn’t Flinch

Saylor stated that his company was prepared for Bitcoin’s volatility when it initially selected a crypto strategy and had the ability to endure it.

MicroStrategy’s 129,218 BTC inventory is now being held at a net loss of $1.06 billion, according to the tracking resource Bitcoin Treasuries. This represents around two-thirds of the token’s total market value.

Saylor has maintained that MicroStrategy is taking a long-term stance on its Bitcoin assets in reaction to market turbulence.

“When the company chose a #Bitcoin strategy, it expected volatility and built its balance sheet so that it could continue to #HODL through hardship,” Saylor said, alluding to the “HODL” meme, which refers to “holding” onto coins during difficult market conditions.

Suggested Reading | MicroStrategy Bitcoin Bet Backfires, Holding Losses Near $1 Billion – What Now?

Crypto total market cap at $846 billion on the daily chart | Source: TradingView.com

Loan Condition: Initiate Margin Call

MicroStrategy has acquired a huge Bitcoin hoard and borrowed $205 million from the crypto bank Silvergate Capital using 19,466 Bitcoins as security. The terms of the loan require Saylor’s company to initiate a margin call if Bitcoin falls below $21,000.

Saylor pointed out that they began with $5 billion in unpledged collateral and borrowed $200 million against it, resulting in a 4 percent loan-to-value ratio. He noted that if Bitcoin’s price falls by 95 percent from its current level, “we would have to submit extra collateral.”

MicroStrategy is the biggest publicly listed independent business intelligence software firm in the US. In August of 2020, it began investing in cryptocurrencies as a treasury reserve asset, citing a sinking US currency and global macroeconomic issues.

Featured image from Crypto News, chart from TradingView.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

SEC boss calls for urgent crypto regulation as market carnage persists

Next Post

Justin Sun’s Tron withdraws 2.5B TRX while USDD loses peg

Related Posts

Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements – Taxes Bitcoin News

Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements – Taxes Bitcoin News

March 21, 2023

The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it...

Florida Governor Proposes Legislation To Ban Central Bank Digital Currency CBDC

Florida Governor Proposes Legislation To Ban Central Bank Digital Currency CBDC

March 21, 2023

Governor Ron DeSantis of Florida has proposed legislation that aims to protect residents of the state from the potential risks...

Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations – Bitcoin News

Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations – Bitcoin News

March 20, 2023

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar...

Gala sues pNetwork demanding $28m compensation

Gala sues pNetwork demanding $28m compensation

March 20, 2023

Gala Games, the company behind the GameFi project, revealed on March 20 that it had just initiated legal action against...

MEV bot drained $1m after attacker manipulated bug 

MEV bot drained $1m after attacker manipulated bug 

March 20, 2023

A non-atomic MEV bot was reportedly drained $1 million through a bug. Further investigation shows it has been on the...

Load More
Next Post
Justin Sun’s Tron withdraws 2.5B TRX while USDD loses peg

Justin Sun's Tron withdraws 2.5B TRX while USDD loses peg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why Floki, Shiba Inu, and Avorak AI Could Be Solid Portfolio Picks For 2023

Why Floki, Shiba Inu, and Avorak AI Could Be Solid Portfolio Picks For 2023

March 18, 2023
Microsoft reportedly testing Edge browser Web3 wallet integration – Cointelegraph

Microsoft reportedly testing Edge browser Web3 wallet integration – Cointelegraph

March 18, 2023
More Than 80 Crypto Firms Plan to Launch In Hong Kong, Financial Secretary

More Than 80 Crypto Firms Plan to Launch In Hong Kong, Financial Secretary

March 20, 2023
UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun

UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun

March 19, 2023
Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins

Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins

March 16, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Synthetix Secures $20M Investment from DWF Labs
  • Institutions Dump $126 Million Bitcoin & Ethereum But Buy Solana, XRP
  • Crypto With Katten London Symposium: Key Takeaways – Lexology
  • Arbitrum (ARB) to be listed on the Binance exchange
  • Building Resilience: The Realities of Blockchain Regulation, Zero … – Cryptonews
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,383.000.53%
  • ethereumEthereum(ETH)$1,773.49-0.67%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.66%
  • binancecoinBNB(BNB)$337.32-0.76%
  • usd-coinUSD Coin(USDC)$1.010.32%
  • rippleXRP(XRP)$0.3926212.51%
  • cardanoCardano(ADA)$0.342956-0.64%
  • staked-etherLido Staked Ether(STETH)$1,771.99-0.65%
  • matic-networkPolygon(MATIC)$1.13-2.39%
  • dogecoinDogecoin(DOGE)$0.072856-1.80%
  • solanaSolana(SOL)$22.53-3.21%
  • binance-usdBinance USD(BUSD)$1.010.83%
  • polkadotPolkadot(DOT)$6.21-3.81%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.75%
  • tronTRON(TRX)$0.066606-0.30%
  • litecoinLitecoin(LTC)$81.36-1.22%
  • avalanche-2Avalanche(AVAX)$17.11-2.48%
  • daiDai(DAI)$1.010.32%
  • uniswapUniswap(UNI)$6.26-3.18%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,341.000.30%
  • ToncoinToncoin(TON)$2.390.51%
  • chainlinkChainlink(LINK)$7.10-2.68%
  • cosmosCosmos Hub(ATOM)$11.70-3.18%
  • leo-tokenLEO Token(LEO)$3.400.35%
  • ethereum-classicEthereum Classic(ETC)$20.13-3.09%
  • moneroMonero(XMR)$155.701.06%
  • okbOKB(OKB)$45.96-2.71%
  • bitcoin-cashBitcoin Cash(BCH)$130.02-5.29%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • filecoinFilecoin(FIL)$5.90-3.94%
  • stellarStellar(XLM)$0.087434-1.40%
  • AptosAptos(APT)$12.22-4.84%
  • true-usdTrueUSD(TUSD)$1.010.44%
  • lido-daoLido DAO(LDO)$2.34-3.28%
  • hedera-hashgraphHedera(HBAR)$0.062122-2.66%
  • quant-networkQuant(QNT)$127.61-4.30%
  • crypto-com-chainCronos(CRO)$0.070712-5.69%
  • nearNEAR Protocol(NEAR)$2.01-4.09%
  • blockstackStacks(STX)$1.23-2.66%
  • vechainVeChain(VET)$0.023054-5.56%
  • internet-computerInternet Computer(ICP)$5.20-2.36%
  • algorandAlgorand(ALGO)$0.212559-2.33%
  • apecoinApeCoin(APE)$4.11-2.30%
  • the-graphThe Graph(GRT)$0.150950-2.67%
  • fantomFantom(FTM)$0.475236-4.01%
  • eosEOS(EOS)$1.17-3.69%
  • the-sandboxThe Sandbox(SAND)$0.66-4.42%
  • flowFlow(FLOW)$1.07-1.03%
  • immutable-xImmutableX(IMX)$1.28-11.23%