Michael Saylor Defends Bitcoin-Backed Loan

  • Michael Saylor wrote on Twitter today that MicroStrategy could easily supply more Bitcoin to cover the necessary collateral in the event of a margin call.
  • MicroStrategy has borrowed $205 million from Silvergate Bank with Bitcoin as collateral.
  • Saylor wrote that Bitcoin would have to fall below $4,000 before the company would need any alternative collateral.
saylor microstrategy bitcoin cover Michael Saylor Defends Bitcoin-Backed Loan
Michael Saylor Defends Bitcoin-Backed Loan 2

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