CEO of MicroStrategy called the possible price of liquidation of the company's bitcoins

Last week, information appeared on the network that MicroStrategy is waiting for a margin call in case the bitcoin price falls below $ 21,000. The company's obligations are related to a $205 million loan that it received from Silvergate Bank for the purchase of bitcoins secured by cryptocurrencies from its own reserves. And although the financial director of MicroStrategy, Von Le, explained that in this case the company would simply have to provide additional collateral, this announcement caused some concern in the community, especially given today's bitcoin drop below $ 30,000.

"We have received a loan, the value of which relative to the collateral is 25%. If this value rises to 50%, a margin call will occur. We have already said earlier that we have enough free bitcoins. Thus, we will be able to make additional collateral in the event of a market decline. $21,000 is the level at which we will have to make additional collateral. Now we are in a very confident position. Bitcoin must depreciate by half in order for a margin call to occur," Le said, starting from the current exchange rate at that time.

MicroStrategy CEO Michael Saylor today decided to clarify when the bitcoins available to the company may not be enough to secure the debt to Silvergate. In this case, the company will have to look for additional collateral or put up with the liquidation of its $4.1 billion crypto assets, making it the largest holder of bitcoin among public investors.

"MicroStrategy has received an urgent loan for $205 million and must maintain collateral at the level of at least $410 million. MicroStrategy has 115,109 BTC that we can still provide. If the bitcoin price falls below $3,562, the company may provide some other collateral," Saylor wrote on Twitter.

MicroStrategy has not yet had time to announce new investments in bitcoin, which it seeks to make on market rollbacks according to its own strategy. The company was outpaced by the President of El Salvador, Nayib Bukele, who reported yesterday that the state had purchased 500 BTC at an average price of $30,744. After one of the most negative days in recent history, bitcoin is showing a moderate recovery this evening and is trading around $32,000, which cannot but please investors who bought below this level, including Bukele.

"I could sell these coins right now and earn almost a million dollars in just 11 hours, but of course I won't do that," he wrote.