Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562 – Featured Bitcoin News

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'Microstrategy has 115,109 BTC that it can pledge. If the price of $BTC falls below $3,562 the company could post some other collateral,' said the CEO. bitcoin cryptocurrency crypto

Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562

The CEO of the Nasdaq-listed software company Microstrategy has debunked the rumor that his company is facing a margin call for a bitcoin-backed loan and will be forced to sell some coins. If the price of the cryptocurrency “falls below $3,562 the company could post some other collateral,” the executive explained.Microstrategy CEO Michael Saylor debunked the rumor that his company is close to having to liquidate its bitcoin to meet a margin call for a bitcoin-backed loan.

Saylor revealed in a May 10 tweet that Microstrategy “needs to maintain $410 million as collateral” for this loan.Microstrategy is currently holding 115,109

 

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