MicroStrategy Will Never Sell Its Bitcoin, Saylor Suggests

1 Mins read

  • MicroStrategy CEO Michael Saylor implied the company will not sell its bitcoin.
  • The firm has 115,109 BTC available to pledge as collateral for its bitcoin-backed loan and could put some other collateral available if needed, he added.
  • MicroStrategy took out the loan to purchase more bitcoin last month.

MicroStrategy CEO Michael Saylor took to Twitter on Tuesday morning to alleviate fears that his company would face liquidation risks in its bitcoin-backed loans if BTC maintained its downwards trajectory on price.

Source link

Related posts

Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News

2 Mins read
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed…

Solana TVL Sees Sharp Decline, Reaches 2022 Low

2 Mins read
When Solana’s price hit new lows near $54, the total value locked (TVL) for the token also declined to a historical low….

Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K

2 Mins read
Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided. BTC/USD 1-hour candle…

Leave a Reply

Your email address will not be published. Required fields are marked *