MicroStrategy Reports $917M Bitcoin Impairment Charge as Saylor Steps Aside
“Volatility means Bitcoin is more interesting, and so MicroStrategy is more interesting,” says Michael Saylor. “Volatility is vitality.”
Source: decrypt.co
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Bitcoin Stash of MicroStrategy down by $3.4 Billion
The bitcoin crash saw the stocks of MicroStrategy plummet to one of its lowest values. The crypto pile that was accumulated had been reduced by $3.4 Billion at the end of second quarter than the previous one. The hit also saw the stock of the company plummet by at least 66% in the quarters, which ironically is more than the decline of the bitcoin’s 59%.
Source: techstory.in
Forget the Potential Margin Call: Here's What MicroStrategy Investors Should Be Thinking About
What would happen if the company managed to buy every Bitcoin in existence?
Source: fool.com
Microstrategy won't get a margin call even if BTC falls below $3,500
Microstrategy won't get a margin call even if BTC falls to $3,562 as it will pledge some other asset as a collateral to the loan.
Source: techstory.in
Michael Saylor Defends Turning MicroStrategy Stock Into Levered Bitcoin Bet
"If you had a chance to grab $2 billion at 1.5% interest, it seems like a reasonable thing to do and I'm glad we did it," Michael Saylor said.
Source: businessinsider.com