bitcoin The fluctuation in price concerns institutional investors as well as individual investors.
The dump and bear market comments in Bitcoin recently raise the question of whether they will trigger a new sales wave on the part of institutional investors.
As you know, MicroStrategy, which has 129,218 Bitcoins, costs $30700. Although the price sagged $1000 below this level yesterday, it is trading above MicroStrategy’s average again today.
With the price so close to MicroStrategy’s average, a share came from CEO Michael Saylor.
Stating that they will continue to HODL, the CEO stated that there is no situation that will require them to sell, and that they have assets that can manage the current situation even if the price drops below $ 3562.
“MicroStrategy has a loan of $205 million. He needs to keep $410 million as collateral for this loan. The company has 115,109 Bitcoins that it can pledge. If the BTC price drops below $3562, the company may offer other collateral. HODL”
With the Bitcoin price falling below the Microstrategy cost, “I wonder if the company will take a selling position?” questions arose. However, Saylor has signaled that they will not take a selling position until the level of $ 3562.
On the other hand, Saylor does not seem worried about the drop in Bitcoin. The famous CEO shared a picture of himself as a McDonalds employee during the dump yesterday, and humorously said “it’s time to get back to work”.
Monday morning is time to get back to work. #Bitcoin pic.twitter.com/JlufLXRT9W
— Michael Saylor⚡️ (@saylor) May 9, 2022