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Market Cap:
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Ethereum World News
2022-06-13 18:45:09

MicroStrategy Could be Forced to Add More Bitcoin Collateral for its Loan if BTC Drops Below $21k

MicroStrategy Could be Forced to Add More Bitcoin Collateral for its Loan if BTC Drops Below $21k

Summary: Bitcoin’s drop to a local low of $22,600 has rekindled discussions surrounding MicroStrategy’s possible margin call on its $205 million loan if Bitcoin drops below $21k. However, MicroStrategy’s CFO had in early May clarified that the company was ready to post more Bitcoin collateral for the loan. Michael Saylor had also pointed out that the company could post some other collateral besides Bitcoin if the price of BTC fell below $3,562. Bitcoin has had a tumultuous weekend rolling into […]

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