MicroStrategy Denies Receiving a Margin Call

MicroStrategy has not received a margin call on its bitcoin-backed loan.

MicroStrategy hasn’t received a margin call against its $205 million bitcoin-backed loan despite bitcoin’s price falling below $21,000, Reuters reported.

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In a margin call situation an investor is expected to commit more funds to avoid losses on a trade made with borrowed funds.

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The margin call for MicroStrategy was set at $21,000

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The world’s largest cryptocurrency today fell below $21,000 amid high selling pressure as the entire market remained red.

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The software firm had borrowed $205 million in a three-year loan from crypto-focused bank Silvergate to buy more bitcoin back in March.

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Currently, MicroStrategy holds 129,218 bitcoin at an average price of $30,700.

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CEO Michael Saylor had earlier assured that they have more than enough bitcoin to cover its loan requirements.

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