Major margin call coming for Microstrategy...READ: MicroStrategy Leads Crypto Stock Selloff as Bitcoin Unravels (1)
Among the issues weighing on the company is the threat that an even deeper drop in Bitcoin prices will require it to post additional collateral for the $205 million loan it took out in March. MicroStrategy said on conference call in May that if Bitcoin drops to about $21,000 they would need to post more funds in addition to the $820 million it originally pledged.
MicroStrategy’s Losses on Its Bitcoin Bet Near $1 Billion (yahoo.com)
Morning trading June 14, page-143
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