MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly приходи извештај.
While being the biggest Bitcoin holder among publicly traded companies has its risks, Saylor shared his thoughts on how MicroStrategy could survive a serious bear market.
“If the price of Bitcoin falls below $3,562 the company could post some other collateral,” Saylor wrote on Twitter.
MicroStrategy има орочен заем од 205 милиони долари и треба да одржува 410 милиони долари како колатерал. $ MSTR има 115,109 БТК што може да ги заложи. Доколку цената на # БТК паѓа под 3,562 долари, компанијата би можела да објави некој друг колатерал. Видете ги слајдовите 11-12 во презентацијата за Q1 2022 година. #ХОДЛhttps://t.co/9WHsIB6Usx
While the cryptocurrency market crashes and Bitcoin fluctuates near $30,700, which is roughly Microstrategy’s average cost per Bitcoin, Saylor appears to be showing no interest in selling the company’s stash anytime soon.
Details on MicroStrategy’s Bitcoin loan. Image: MicroStrategy.
Just a few weeks ago, MicroStrategy announced that its employees would be able to put Bitcoin in their 401 (к) планови through Fidelity, an offering that’s already stirred “сериозни проблеми” from the U.S. Department of Labor.
Nevertheless, MicroStrategy seems committed to “hodling” Bitcoin. A week ago, MicroStrategy CTO Phong Lee had said during the company’s повик за квартална заработка that, “Essentially, Bitcoin needs to cut in half, or around $21,000, before we’d have a margin call.”
Saylor appears to be ready for far worse.
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