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They have far more than $205 million in debt. They borrowed far more than that to acquire 129,000 BTC.
by IdEntities 4y ago
They have far more than $205 million in debt. They borrowed far more than that to acquire 129,000 BTC.
- deleted 4y ago[deleted]
- frankbreetz 4y agoThey made a 205 million margin call with Bitcoin as collateral [0]. Their other debt has some other collateral presumably not backed by Bitcoin. [0]https://markets.businessinsider.com/news/currencies/bitcoin-microstrategy-loan-margin-call-ceo-michael-saylor-cryptocurrency-mstr-2022-6 https://markets.businessinsider.com/news/currencies/bitcoin-...