MicroStrategy Defended at BTIG; Saylor Not Expecting Imminent Margin Call

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.saylor reiterates his intention to hold onto $MSTR's corn no matter the price of bitcoin as BTIG defends stock. shauryamalwa reports.

of 129,218 bitcoins, with roughly 95,000 of that amount unencumbered. A bitcoin price of about $21,000 could theoretically have the company's lenders demanding more bitcoin be pledged as collateral. The MicroStrategy chief has further noted that it would take a bitcoin price of about $3,500 before the company might run out of bitcoin collateral.

“When MicroStrategy adopted a Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity,”BTIG equity research analyst Mark Palmer ran the numbers himself and came to a similar conclusion. “The reality is that 95,643 of the 129,218 bitcoins held by MSTR are unencumbered and available to the company to post as additional collateral to avoid or address a margin call,” he wrote.

He describes as"clearly incorrect" the rumors that MicroStrategy might be selling any of its bitcoin.

 

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