Software corporation MicroStrategy has not acquired a margin get in touch with versus its bank loan from crypto-targeted bank Silvergate, Reuters described on Wednesday.
Valerie Plesch | Bloomberg | Getty Pictures
Intense bitcoin trader and American software organization MicroStrategy claims it has not acquired a margin get in touch with towards a $205 million bitcoin-backed mortgage it took in March, in accordance to a Reuters report on Wednesday.
A margin get in touch with is a situation exactly where an trader has to commit far more resources to prevent losses on a trade manufactured with borrowed funds.
CNBC noted on Tuesday that buyers were being involved MicroStrategy, which has bet $4 billion on bitcoin, would be forced to liquidate some of its bitcoin holdings if confronted with a margin phone.
MicroStrategy did not respond to a CNBC request for remark right before the publication of that report.
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