MicroStrategy later confirmed in a conference call with investors that margin calls would kick in at $21,000 — a figure that was unthinkable up until a few days ago.
CoinMarketCap data shows that BTC skidded to lows of $20,904.52 in the early hours of Wednesday, and last night, the business intelligence firm said Silvergate was yet to come knocking for additional collateral."When MicroStrategy adopted a #Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity.
That's a fall of over $6 billion — and even more worryingly, MicroStrategy is down $1.2 billion when compared with how much it paid for this Bitcoin. The company does have the option of adding further amounts of Bitcoin as collateral to prevent a margin call being triggered.
Hero HODLer ..