Michael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan.
Silvergate saw customers deposit an average of $14.7 billion worth of bitcoin and cryptocurrency to the firm’s platform during the first quarter of this year.
MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin.
