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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.

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.

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’s accountants tried to get away with not reporting paper losses on some of its Bitcoin purchases last year. The SEC noticed.

Michael Saylor, who controls 70% of MicroStrategy’s voting power, wants to rehypothecate his company’s Bitcoin. Here’s what that means.