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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

How Low Does Bitcoin Have To Fall Before MicroStrategy Is Forced Out Of Its Massive Pile Of Coins?

MicroStrategy Bitcoin Michael Saylor MSTR Nasdaq MicroStrategy Incorporated Phong Le

MicroStrategy Incorporated (NASDAQ: MSTR) is the biggest Bitcoin (CRYPTO: BTC) holder among U.S. companies, but the Michael Saylor-led company may have to shed some of it if the apex coin keeps on tumbling. 

The Borrowing: In March 2022, MicroStrategy borrowed $205 million from Silvergate Capital Corp’s (NYSE: SI) Silvergate Bank, collateralized against its Bitcoin holdings to buy cryptocurrency and pay fees, interest, and expenses linked to the loan transaction.

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