The riskiest Margin call in the history of Bitcoin

Michael Saylor’s MicroStrategy will be forced to pay up if the world’s leading cryptocurrency drops below $21,000. This is seen as the one of the riskiest Bitcoin margin calls. The MicroStrategy Boss Michael Saylor is seen as one of the most fervent supporters of Bitcoin on the planet. This MIT graduate and the cofounder of MicroStrategy, has become a hero to the Bitcoin faithful ever since his company began stockpiling the cryptocurrency in August 2020. In a statement, the hero has called Bitcoin “freedom,” and “the most universally desirable property in space and time.” Also, in an event at Bitcoin 2022 Miami which was the largest Bitcoin event worldwide, the CEO was met by thousands of cheering fans and he advised them never to sell their crypto. The Bitcoin merchant has however gone too far to the extent of borrowing millions from banks to add more of the cryptocurrency to MicroStrategy’s balance sheet. However, If the value of Bitcoin continues to fall, the CEO and company could face one hell of a margin call. It is then advised that he focus on buying other cryptocurrencies like SOL, ETH, Faith Tribe, XRP, etc. to avoid such risk. MicroStrategy’s CFO Phong Le also explained that MicroStrategy still holds “quite a bit” of uncollateralized Bitcoin that it could use to answer any potential margin call if the need arises.