MicroStrategy Gives Lowest Bitcoin Price to Avoid Holdings Liquidation
- MicroStrategy took out a $205 million loan from Silvergate Bank to purchase Bitcoin.
- The loan needs $410 million in collateral.
- If the price of Bitcoin falls below $3,562, the company could post other collateral.
- If the price of Bitcoin falls below $21,000, MicroStrategy might be met with a margin call.
- CEO Michael Saylor continues to maintain that his company does not plan to ever sell MicroStrategy’s Bitcoin stash.
- MicroStrategy recently stated its intention of offering its employees the option to invest in Bitcoin as part of its 401(k) program.
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