Michael Saylor is “ALL-IN“ to Bitcoin | Saylor Quits As MicroStrategy CEO After Bitcoin Losses
Michael Saylor recently went on CNBC to discuss these issues, addressing why these worries are unfounded rumors spread by trolls looking for attention on social media.
In March, MicroStrategy took out a loan of $205,000,000 from Silvergate, a cryptocurrency-focused bank, with a maturity of 3 years so that it may increase its holdings in bitcoin. And they guaranteed the loan with their own bitcoin holdings.
It was noted in May by the CFO of Microstrategy that a margin call could be issued if the bitcoin price fell below $21,000.
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