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Cryptocurrency

MicroStrategy Will Never Sell Its Bitcoin, Saylor Suggests

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  • 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.





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