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Started By
Message
re: Official CryptoTalk Thread
Posted on 6/13/22 at 2:07 pm to 21JumpStreet
Posted on 6/13/22 at 2:07 pm to 21JumpStreet
quote:
Buckle up if true.
quote:
MicroStrategy has just transferred 2089 #Bitcoin ($48 million) to a new wallet for the first time ever, likely planning to dump their bags.
They’re now moments away from facing the largest liquidation in history. Ouch.
Saylor purchased $1.5B of BTC in 2020 with an average price of $15K.
Its in their 10K.
ALSO: From Saylor himself on May 10
quote:
MicroStrategy has a $205M term loan and needs to maintain $410M as collateral. $MSTR has 115,109 BTC that it can pledge. If the price of #BTC falls below $3,562 the company could post some other collateral. See slides 11-12 in Q1 2022 presentation. #HODL
LINK
They probably moved that amount not to sell, but to post as collateral as he describes and has talked about many times.
This post was edited on 6/13/22 at 2:12 pm
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