MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan

Seeking Alpha2022-06-15

MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand...

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Comments

Otahman
2022-06-15
Otahman
Like pls
kevinlaisq
2022-06-15
kevinlaisq
Pls like
ShadowBan
2022-06-15
ShadowBan
potential using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃

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Bitcoin (BTC-USD) dropping below $21K would trigger a \"margin call,\" or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.\"We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,\" the company told Reuters in an email late Tuesday.MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. \"If the price of #BTC falls below $3,562 the company could post some other collateral,\" he had said on May 10.Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9055550616,"gmtCreate":1655295900335,"gmtModify":1676535606198,"author":{"id":"3567482716620513","authorId":"3567482716620513","name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567482716620513","authorIdStr":"3567482716620513"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055550616","repostId":1180366312,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055524657,"gmtCreate":1655295654079,"gmtModify":1676535606147,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572874548548490","authorIdStr":"3572874548548490"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055524657","repostId":1180366312,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055561336,"gmtCreate":1655293600325,"gmtModify":1676535605719,"author":{"id":"3562581397159886","authorId":"3562581397159886","name":"ShadowBan","avatar":"https://static.tigerbbs.com/aeb7ce335430462d3c1201a81eb444c0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562581397159886","authorIdStr":"3562581397159886"},"htmlText":"potential&nbsp;using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","listText":"potential&nbsp;using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","text":"potential using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055561336","repostId":1180366312,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1180366312"}