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It already fell below $21k and they weren't margin called, apparently. I guess they have the funds to cover.
by Miner49er 4y ago
It already fell below $21k and they weren't margin called, apparently. I guess they have the funds to cover.
- Eddy_Viscosity2 4y agoIf they weren't margin called then they wouldn't need funds to cover. So it's still a question whether they do or not. Oh course that leads to a second question on why they weren't margin called if the price dropped below the price they publicly said would trigger a margin call.
- Miner49er 4y agoFrom the article OP included: “MicroStrategy has not received a ‘margin call’ against our Silvergate loan even as bitcoin prices have fluctuated recently,” the company told Reuters in an emailed statement. “We can always contribute additional bitcoins to maintain the required loan-to-value ratio … even at current prices, we continue to maintain more than sufficient additional unpledged bitcoins to meet our requirements under the loan agreement,” The way I read that is they covered before they got margin called.