959: MICHAEL SAYLOR DEBUNKS BITCOIN MARGIN CALL RUMOR - SAYS NO LIQUIDATION EVEN IF BTC FALLS BELOW $3.5K
Show Notes
Microstrategy CEO and Bitcoin mega bull Michael Saylor debunked the rumor that his company is close to having to liquidate its BTC to meet a margin call for a Bitcoin-backed loan. The rumor intensified as the price of the king crypto (BTC) continued to plummet after the weekend sell-off.
However, Saylor tweeted Tuesday:
"When Microstrategy adopted a bitcoin strategy, it anticipated volatility and structured its balance sheet so that it could continue to hodl through adversity."
The Bitcoin price dipped below the $21K level this week. However, Microstrategy told Reuters Tuesday that it has not received a margin call, emphasizing:
"We can always contribute additional bitcoins to maintain the required loan-to-value ratio."
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