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Coinpedia
2022-06-14 11:07:26

MicroStrategy Liquidates $103M Worth Bitcoin! Will Bitcoin Price Retrace Anytime Soon ?

MicroStrategy Liquidates $103M Worth Bitcoin! Will Bitcoin Price Retrace Anytime Soon ?

The post MicroStrategy Liquidates $103M Worth Bitcoin! Will Bitcoin Price Retrace Anytime Soon ? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Alongside Bitcoin’s drop under $25,000, it is important to recall MicroStrategy’s CFO’s comments. The comments were regarding the possibility of getting a margin call at $21,000 on the company’s huge BTC holdings. On the May 3 earnings call, Phon Le, the firm’s new Chief Financial Officer, described the collateralization method on MicroStrategy’s Bitcoin position. He …

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