Cryptocurrency News

Michael Saylor assuages investors after market slumps hurts MSTR, BTC

05/11/2022

Less than a minute

2022.05.11 00:15

Michael Saylor assuages investors after market slumps hurts MSTR, BTC

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.

The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings.

05/11/2022

Less than a minute

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