MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan

Seeking Alpha2022-06-15

MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world's largest cryptocurrency drops toward the $20K mark.

In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a "margin call," or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.

On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.

MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.

"We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio," the company told Reuters in an email late Tuesday.

MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. "If the price of #BTC falls below $3,562 the company could post some other collateral," he had said on May 10.

Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Otahman
2022-06-15
Otahman
Like pls
kevinlaisq
2022-06-15
kevinlaisq
Pls like
ShadowBan
2022-06-15
ShadowBan
potential using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃

Leave a comment

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Bitcoin (BTC-USD) dropping below $21K would trigger a &#34;margin call,&#34; or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.</p><p>On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.</p><p>MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.</p><p>&#34;We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,&#34; the company told Reuters in an email late Tuesday.</p><p>MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. &#34;If the price of #BTC falls below $3,562 the company could post some other collateral,&#34; he had said on May 10.</p><p>Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand...</p>\n\n<a href=\"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"Strategy"},"source_url":"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180366312","content_text":"MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world's largest cryptocurrency drops toward the $20K mark.In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a \"margin call,\" or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.\"We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,\" the company told Reuters in an email late Tuesday.MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. \"If the price of #BTC falls below $3,562 the company could post some other collateral,\" he had said on May 10.Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout","news_type":1,"symbols_score_info":{"MSTR":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055524657,"gmtCreate":1655295654079,"gmtModify":1676535606147,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3572874548548490","authorIdStr":"3572874548548490"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055524657","repostId":1180366312,"repostType":4,"repost":{"id":"1180366312","kind":"news","pubTimestamp":1655292733,"share":"https://ttm.financial/m/news/1180366312?lang=en_US&edition=fundamental","pubTime":"2022-06-15 19:32","market":"us","language":"en","title":"MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan","url":"https://stock-news.laohu8.com/highlight/detail?id=1180366312","media":"Seeking Alpha","summary":"MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its ","content":"<html><head></head><body><p>MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn&#39;t received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world&#39;s largest cryptocurrency drops toward the $20K mark.</p><p>In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a &#34;margin call,&#34; or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.</p><p>On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.</p><p>MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.</p><p>&#34;We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,&#34; the company told Reuters in an email late Tuesday.</p><p>MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. &#34;If the price of #BTC falls below $3,562 the company could post some other collateral,&#34; he had said on May 10.</p><p>Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand...</p>\n\n<a href=\"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"Strategy"},"source_url":"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180366312","content_text":"MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world's largest cryptocurrency drops toward the $20K mark.In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a \"margin call,\" or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.\"We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,\" the company told Reuters in an email late Tuesday.MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. \"If the price of #BTC falls below $3,562 the company could post some other collateral,\" he had said on May 10.Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout","news_type":1,"symbols_score_info":{"MSTR":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055561336,"gmtCreate":1655293600325,"gmtModify":1676535605719,"author":{"id":"3562581397159886","authorId":"3562581397159886","name":"ShadowBan","avatar":"https://static.tigerbbs.com/aeb7ce335430462d3c1201a81eb444c0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562581397159886","authorIdStr":"3562581397159886"},"htmlText":"potential&nbsp;using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","listText":"potential&nbsp;using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","text":"potential using shareholder fund to post collateral instead of expanding operating business just don't make sense to me 🙃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055561336","repostId":1180366312,"repostType":2,"repost":{"id":"1180366312","kind":"news","pubTimestamp":1655292733,"share":"https://ttm.financial/m/news/1180366312?lang=en_US&edition=fundamental","pubTime":"2022-06-15 19:32","market":"us","language":"en","title":"MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan","url":"https://stock-news.laohu8.com/highlight/detail?id=1180366312","media":"Seeking Alpha","summary":"MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its ","content":"<html><head></head><body><p>MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn&#39;t received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world&#39;s largest cryptocurrency drops toward the $20K mark.</p><p>In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a &#34;margin call,&#34; or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.</p><p>On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.</p><p>MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.</p><p>&#34;We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,&#34; the company told Reuters in an email late Tuesday.</p><p>MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. &#34;If the price of #BTC falls below $3,562 the company could post some other collateral,&#34; he had said on May 10.</p><p>Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Hasn't Received Margin Call on Bitcoin-Backed Loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand...</p>\n\n<a href=\"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"Strategy"},"source_url":"https://seekingalpha.com/news/3848743-microstrategy-hasnt-received-margin-call-on-bitcoin-backed-loan","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180366312","content_text":"MicroStrategy (NASDAQ:MSTR), the U.S. software firm that holds almost 130K bitcoin (BTC-USD) on its balance sheet, said it hasn't received a margin call against a bitcoin-backed loan and can withstand more volatility, Reuters reported Wednesday, even as the world's largest cryptocurrency drops toward the $20K mark.In March, the firm took out a $205M loan from Silvergate Capital (NYSE:SI), using some 19,466 bitcoins to secure the loan. Bitcoin (BTC-USD) dropping below $21K would trigger a \"margin call,\" or demand for extra capital to back the loan, MicroStrategy (MSTR) President Phong Le had said in May.On Tuesday, bitcoin (BTC-USD) fell to as low as $20.95K and is down 6.3% over the past 24 hours to $20.6K at 7:17 AM ET.MicroStrategy (MSTR) stock is falling 3.1%in premarket Wednesday trading. The stock has dropped 24% in the past week and71% since the beginning of the year. Bitcoin (BTC-USD), meanwhile, has fallen 57% during the same period.\"We can always contribute additional bitcoins (BTC-USD) to maintain the required loan-to-value ratio,\" the company told Reuters in an email late Tuesday.MicroStrategy (MSTR) has planned for such volatility, CEO Michael Saylor said in a tweet on Tuesday. The firm needs to maintain $410M as collateral and MSTR has 115,109 BTC that it can pledge, he said. \"If the price of #BTC falls below $3,562 the company could post some other collateral,\" he had said on May 10.Previously (June 13), MicroStrategy unrealized bitcoin losses mount to over $1B amid crypto rout","news_type":1,"symbols_score_info":{"MSTR":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1180366312","isCrawlerRequest":true}