A stock graph is seen with a representation of bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/File PhotoSINGAPORE, June 14 - Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc
MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate CapitalIf the bitcoin price dropped below about $21,000 that would trigger a "margin call" or a demand for extra capital, MicroStrategy President Phong Le said in webcast in May.Bitcoin fell below that level to $20,816.36 on Tuesday before steadying near $23,000. Typically a margin call is met by providing more capital or liquidating the loan's collateral.
"We could contribute more bitcoin to the collateral package, so ... we don't get into a situation of a margin call," he had said.
That opens doors for more downside. Trying to sell my book. Pinned tweet.Trying to pay off medical bills. RT helps. Trying to find 3 people an hour. It's been hard. All I ask is a little faith. Just check out the book.
Dragonomi yseminaksoy yetim hakkı yiyen saylora veda busesi kondururlar gibi abla 😅
Yep… how’s that assclown Michael Saylor and that buy BTC strategy looking these days? How the SEC let that go on and happen to a public go is vexing. Suckers are born every day. BTC Ponzi will make Madoff look like a piker! 🖕🏻Saylor, Pompliano, Novegratz and the Winkleclown Bros
I wish damn bit coin would have been disappeared into the air. It is high time for us to read Confucius analects to earn benevolence and moral sense.