CandleFocus Bitcoin Evangelist Saylor Wants You to Say These Words in Elevator
2024-09-25
Author: Content Editor
MicroStrategy's CEO, Michael Saylor, encourages people to ask him about buying more Bitcoin. The company recently purchased over $458 million worth of Bitcoin, bringing its total holdings to over a quarter million coins. MicroStrategy has used proceeds from debt offerings to fund its Bitcoin purchases. While there were concerns about potential margin calls due to the price of Bitcoin collapsing, the company's debt is not linked to the cryptocurrency as collateral. However, there is still a risk of MicroStrategy failing to meet its debt obligations if there is a significant correction in Bitcoin's price.
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