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Bitcoin whale Michael Saylor tries to defuse fears over MicroStrategy margin call
video Crypto diehards suffered a brutal month, and there are few bigger backers than the Bitcoin whale himself, Michael Saylor. His software company, MicroStrategy, has effectively become little more than a levered play on rising Bitcoin adoption rates through events like Fidelity’s 401(k) launch, a “shot heard round the world,” according to Saylor this month. Since his titular core business is unable to produce enough cash to satisfy his appetite for the cryptocurrency, the CEO has borrowed heavily to finance his buy-and-hold strategy. Lately that included the first-ever Bitcoin-backed term loan for $205 ... (full story)
