• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Michael Saylor says Bitcoin must drop to $3562 before margin call

by Reshab Agarwal
May 11, 2022
in Bitcoin, Crypto, News
Reading Time: 2 mins read
0
Bitcoin is a technical solution to get 8 million people property rights: Michael Saylor
TwitterWhatsappLinkedin

Michael Saylor’s company, Microstrategy, recently acquired a $205 million loan with collateral of $410 million Bitcoin. The loan was provided by Silvergate bank and was one of the first corporate loans to be backed by BTC. So, the immediate question that arises is what happens if the price of BTC dips. It was asked in the Q1 earnings call of the company. There the quoted price for margin call was around $21k. However, in a recent tweet, Michael Saylor said Bitcoin must drop to $3562 before a margin call.

You might also like

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

Microstrategy faces near to zero risk in their Bitcoin backed loan

The $21k price quoted in the earnings call by a company executive is the level where they would need to increase their collateral. Microstrategy has over $5B in BTC, and even though with falling prices, the value of its holdings will go down, they will still have a lot to be used as collateral. Michael said that the price needs to go to $3,562 before they need to liquidate, which means they can keep adding collateral till that point.

Michael Saylor says Bitcoin must drop to $3562 before margin call
Image Source: Crypto Potato

This statement from Saylor was important as there have been speculations that the company might sell its BTC. Some rumors were also floating around that Michael Saylor has been secretly selling his Bitcoins. That rumor was also discarded by him.

Now let’s also consider the scenario where the price of BTC does reach $3,500, which is highly unlikely; Michael says that they will add some other collateral but won’t liquidate their holdings. This adds more trust and ensures the bulls that the company is going to stick to its words.

About Microstrategy

MicroStrategy Incorporated is a firm established in the United States that offers business intelligence (BI), mobile software, and cloud-based services. The company, founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, creates software to evaluate internal and external data in order to make business choices and develop mobile apps.

It is a public firm based in Tysons Corner, Virginia, which is part of the Washington metropolitan region. SAP AG Business Objects, IBM Cognos, and Oracle Corporation’s BI Platform are its key business analytics competitors. Saylor is the CEO and chairman of the board of directors.


What are your thoughts as Michael Saylor says Bitcoin must drop to $3562 before the margin call? And do you think they will stick to their words? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: UST loses dollar peg while Luna foundation tries desperately to defend it.

Tags: #Michael_SaylorbitcoinMicroStrategy
Tweet54SendShare15
Previous Post

Win Up to 40 BTC in Bitget’s Crypto Trading Competition 2022!

Next Post

DeFi exchange dYdX releases its own app to offer a superior experience

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

by Anochie Esther
July 19, 2025
0
iOS 26

Apple has launched a federal lawsuit against well-known tech YouTuber Jon Prosser, accusing him of participating in a scheme to illegally access confidential features of iOS 26, months...

Read more
Next Post
DeFi exchange dYdX releases its own app to offer a superior experience

DeFi exchange dYdX releases its own app to offer a superior experience

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?