Software company MicroStrategy has not received a margin call against its loan from crypto-focused bank Silvergate, Reuters reported on Wednesday.
Valerie Plesch | Bloomberg | Getty Images
Aggressive bitcoin investor and American software firm MicroStrategy says it hasn’t received a margin call against a $205 million bitcoin-backed loan it took in March, according to a Reuters report on Wednesday.
A margin call is a situation where an investor has to commit more funds to avoid losses on a trade made with borrowed cash.
CNBC reported on Tuesday that investors were concerned MicroStrategy, which has bet $4 billion on bitcoin, would be forced to liquidate some of its bitcoin holdings if faced with a margin call.
MicroStrategy did not respond to a CNBC request for comment before the publication of that report.
The world’s largest cryptocurrency briefly plunged below $21,000 on Tuesday in this week’s big selloff. Shares of MicroStrategy, considered by some as a proxy for investing in...
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