NEW MICROSTRATEGY CFO EXPLAINS: BITCOIN WILL BE HELD!

Michael Saylor himself confirmed in advance that no Bitcoin will be sold. It was confirmed shortly thereafter by Andrew Kang , the new CFO. Through various competencies in technology and financial markets, he was integrated into the position.

Microstrategy Bitcoin

The current acquisition cost is nearly $4 billion. The bitcoins were originated at an average price of 30,700 US dollars per bitcoin. According to the latest earnings announcement, the total Bitcoin assets are 129,000. This makes Microstrategy the company that is publicly known to hold the most Bitcoin.

Microstrategy stock

It is noticeable that the correlation between Microstrategy and Bitcoin and the rest of the crypto market is increasing significantly. This is because the cash reserves have been mostly invested in BTC in recent years, and as a result, many previous investors saw a high risk in this direction. Because of this, it's understandable that many investors who are skeptical about Bitcoin have exited the stock. Nevertheless, it was also possible to address a new market: the bitcoiners.

Danger of bitcoin price drop?

The risk of insolvency is omnipresent for Microstrategy. In the course of the Bitcoin crash and the associated uncertain behavior of investors, Michael Saylor reassured them in a tweet. In it he explained that MS only gets into payment difficulties when the price of a bitcoin falls below $4000:

MicroStrategy has a $205 million term loan and is required to post $410 million as collateral. $MSTR has 115,109 BTC to pawn. If the price of #BTC falls below $3,562, the company could post other collateral.

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