Explained: Why crypto cares about MicroStrategy margin calls
Microstrategy’s Michael Saylor bet big on Bitcoin. Amid a bear market, here’s why Bitcoin must bet big on Saylor’s bets too.
Bitcoin24h
$21,280.10+0.79%
Ethereum24h
$1,218.81+2.13%
Tether24h
$0.9995-0.00%
USD Coin24h
$1.00+0.00%
BNB24h
$239.27+2.32%
XRP24h
$0.3628+0.60%
Binance USD24h
$1.00+0.05%
Cardano24h
$0.5038+3.66%
Solana24h
$40.45+0.74%
Dogecoin24h
$0.0733+10.71%
Polkadot24h
$8.10+2.10%
Dai24h
$0.9994-0.02%
Bitcoin24h
$21,280.10+0.79%
Ethereum24h
$1,218.81+2.13%
Tether24h
$0.9995-0.00%
USD Coin24h
$1.00+0.00%
BNB24h
$239.27+2.32%
XRP24h
$0.3628+0.60%
Binance USD24h
$1.00+0.05%
Cardano24h
$0.5038+3.66%
Solana24h
$40.45+0.74%
Dogecoin24h
$0.0733+10.71%
Polkadot24h
$8.10+2.10%
Dai24h
$0.9994-0.02%
Explained: MicroStrategy’s margin call math
Everyone has an opinion about the MicroStrategy margin call question. We reviewed the Silvergate loan documents and calculated the answers.
MicroStrategy plays it cool as crypto investors sweat over margin call
The company has spent nearly $4 billion on 130,000 bitcoins in the past two years at an average purchase price of more than $30,700.
MicroStrategy dumps hardest in decades as SEC rejects funky Bitcoin filing
MicroStrategy’s accountants tried to get away with not reporting paper losses on some of its Bitcoin purchases last year. The SEC noticed.
How Michael Saylor plans to actually use MicroStrategy’s $6B Bitcoin stash
Michael Saylor, who controls 70% of MicroStrategy’s voting power, wants to rehypothecate his company’s Bitcoin. Here’s what that means.
-
Explained: MicroStrategy’s margin call math—by Protos Staff
-
BlockFi customers concerned it may have lent too much bitcoin to 3AC—by Protos Staff
-
Customers fear Celsius insolvency as CEL token collapses—by Protos Staff
-
History of Tether’s peg: Every time USDT traded above or below one dollar—by Protos Staff
-
SEC probes Binance, Reuters finds billions in crypto washed via the exchange—by Protos Staff
-
CFTC alleges Gemini cover-up: Execs funded market manipulation—by Protos Staff
-
Weed & Bitcoin: Dad and son caught running $13M empire from Starbucks—by Protos Staff
-
Turns out this tiny Bahamas bank is holding some of Tether’s reserves—by Protos Staff
-
A complete timeline of Celsius’ relationship with Terra LUNA and Tether—by Protos Staff