MicroStrategy Risks Margin Call as Bitcoin Drops Below $21,000

From bnnbloomberg.ca

MicroStrategy Inc. may need to post additional collateral for a loan as Bitcoin tests a key price range flagged by the company last month. The software firm that invested heavily in Bitcoin said on a conference call in May that if the token’s price dropped enough, it would need to add to the digital asset originally pledged for the $205 million loan it took out in March. The initial value committed was around $820 million at the time but has since fallen to about half that. MicroStrategy has become closely linked with Bitcoin, after it was one of the first major companies to buy the tokens for its corporate ... (full story)