fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, May 31, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

MicroStrategy CEO Sheds Margin Call Woes As Bitcoin Nears $21,000

June 14, 2022
in Bitcoin
Reading Time: 2 mins read
A A
MicroStrategy CEO Sheds Margin Call Woes As Bitcoin Nears $21,000
ShareShareShareShareShare

Related articles

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

May 31, 2023
Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

May 31, 2023

  • Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.”
  • MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and risks getting margin called if bitcoin falls below $21,000.
  • Saylor had previously tweeted that the company has 115,109 BTC as well as other assets available to post as collateral to avoid liquidation.

MicroStrategy, a software analytics company and the largest corporate holder of bitcoin, is dominating the news on Tuesday due to its risk of getting margin called in its $205 million bitcoin-backed loan.

The company’s risk became evident as bitcoin briefly fell below the loan’s margin call figure of $21,000 overnight. However, its CEO took to Twitter to assure investors that the company is well-positioned to not have to sell its bitcoin.

“When MicroStrategy adopted a #Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity,” Saylor said.

Saylor quote-tweeted a previous announcement from May 10 that further detailed the conditions of the loan as well as the company’s plan.

“MicroStrategy has a $205M term loan and needs to maintain $410M as collateral. $MSTR [MicroStrategy] has 115,109 BTC that it can pledge,” Saylor explained. “If the price of #BTC falls below $3,562 the company could post some other collateral.”

Silvergate Bank’s loan requires $410 million worth of collateral, which the company would fall short on if the price of bitcoin dipped below $21,000 – requiring MicroStrategy to add additional collateral to maintain the terms of the loan.

As explained by Saylor, MicroStrategy has enough bitcoin to put as collateral to fund the loan all the way down to a BTC price of $3,562. Were bitcoin to drop below that price point, the company intends to further collateralize with other assets.


Credit: Source link

ShareTweetSendPinShare
Previous Post

California DFPI Seeks Comments to Strengthen Consumer Protection Oversight of Digital Assets | Cooley LLP

Next Post

Tether Tokens (USDt) to Launch on Tezos – Blockchain News, Opinion, TV and Jobs

Related Posts

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive

May 31, 2023

On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive...

Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

May 31, 2023

This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy.Did The New York...

Trading volumes on CEXs and DEXs surge amid market downtrend

Trading volumes on CEXs and DEXs surge amid market downtrend

May 31, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Centralized exchanges (CEXs) and decentralized exchanges...

China’s Crypto Innovator Cautions Hong Kong On Digital Assets

China’s Crypto Innovator Cautions Hong Kong On Digital Assets

May 31, 2023

Crypto enthusiasts received a sobering wake-up call when esteemed entrepreneur Bobby Lee issued a warning to the community.  Casting a...

Doge Breaking This Single Level Will Spark Fresh Rally

Doge Breaking This Single Level Will Spark Fresh Rally

May 31, 2023

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the...

Load More
Next Post
Tether Tokens (USDt) to Launch on Tezos – Blockchain News, Opinion, TV and Jobs

Tether Tokens (USDt) to Launch on Tezos – Blockchain News, Opinion, TV and Jobs

Leave a Reply Cancel reply

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

European Commission To Present Regulatory Framework For Digital Euro In June

European Commission To Present Regulatory Framework For Digital Euro In June

May 28, 2023
What Do IOTA and Tesla Have in Common? Conquering the Innovative and Rapidly Growing IoT Billion-Dollar Market with Diverse Use Case

What Do IOTA and Tesla Have in Common? Conquering the Innovative and Rapidly Growing IoT Billion-Dollar Market with Diverse Use Case

May 30, 2023
Binance assists US in freezing $4.4m tied to North Korea

Binance assists US in freezing $4.4m tied to North Korea

May 25, 2023
Aptos Hackathon, Partnerships Set APT Bulls Up For A Strong Run

Aptos Hackathon, Partnerships Set APT Bulls Up For A Strong Run

May 28, 2023
AI Predicts SHIB Price For May 31, 2023

AI Predicts SHIB Price For May 31, 2023

May 26, 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

  • Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit
  • How Do Regulations Affect the Cryptocurrency Market? – Block Telegraph
  • ‘Zero’ Tokens Burned in 24-Hour Period
  • Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive
  • Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • 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
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$26,917.00-2.81%
  • ethereumEthereum(ETH)$1,857.92-2.27%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$305.45-2.05%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • rippleXRP(XRP)$0.510.74%
  • cardanoCardano(ADA)$0.372997-0.97%
  • staked-etherLido Staked Ether(STETH)$1,856.97-2.22%
  • dogecoinDogecoin(DOGE)$0.071273-1.65%
  • matic-networkPolygon(MATIC)$0.89-0.47%
  • solanaSolana(SOL)$20.47-2.43%
  • tronTRON(TRX)$0.075435-1.00%
  • polkadotPolkadot(DOT)$5.28-2.87%
  • litecoinLitecoin(LTC)$88.87-2.99%
  • binance-usdBinance USD(BUSD)$1.00-0.04%
  • shiba-inuShiba Inu(SHIB)$0.000008-4.69%
  • avalanche-2Avalanche(AVAX)$14.03-2.95%
  • daiDai(DAI)$1.00-0.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,981.00-2.70%
  • uniswapUniswap(UNI)$5.04-1.93%
  • chainlinkChainlink(LINK)$6.45-1.85%
  • leo-tokenLEO Token(LEO)$3.51-0.25%
  • cosmosCosmos Hub(ATOM)$10.47-3.03%
  • okbOKB(OKB)$45.43-3.69%
  • ToncoinToncoin(TON)$1.85-0.05%
  • moneroMonero(XMR)$147.10-3.95%
  • ethereum-classicEthereum Classic(ETC)$17.90-1.88%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0903341.14%
  • bitcoin-cashBitcoin Cash(BCH)$112.41-1.88%
  • true-usdTrueUSD(TUSD)$1.000.00%
  • internet-computerInternet Computer(ICP)$4.64-3.81%
  • filecoinFilecoin(FIL)$4.63-3.29%
  • lido-daoLido DAO(LDO)$2.08-4.32%
  • quant-networkQuant(QNT)$115.061.60%
  • AptosAptos(APT)$8.27-1.97%
  • hedera-hashgraphHedera(HBAR)$0.051204-3.48%
  • crypto-com-chainCronos(CRO)$0.059439-1.15%
  • vechainVeChain(VET)$0.020343-2.29%
  • ArbitrumArbitrum(ARB)$1.15-6.60%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.55-3.70%
  • the-graphThe Graph(GRT)$0.1331232.04%
  • apecoinApeCoin(APE)$3.13-2.08%
  • algorandAlgorand(ALGO)$0.147473-2.64%
  • paxos-standardPax Dollar(USDP)$1.000.11%
  • fraxFrax(FRAX)$1.00-0.03%
  • EdgecoinEdgecoin(EDGT)$1.00-0.09%
  • the-sandboxThe Sandbox(SAND)$0.53-3.42%