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CryptoNewsZ
2022-05-11 08:02:11

Saylor Defends Microstrategy’s BTC-Backed $200M Loan

Saylor Defends Microstrategy’s BTC-Backed $200M Loan

The business intelligence software provider MicroStrategy recently got a $205 million loan from the Silvergate Bank. The move soon faced criticism from investors as they were concerned about the company’s Bitcoin position during margin calls. Now, CEO Michael Saylor assured that the company would supply more Bitcoins to cover the collateral during such events. He …

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