If Bitcoin Plunge To $21,000, Microstrategy Will Receive Margin Call! But whats the reality? - BitcoinEthereumNews.com
Bitcoinयदि बिटकॉइन $ 21,000 तक गिर जाता है, तो माइक्रोस्ट्रेटी को मार्जिन कॉल प्राप्त होगी! लेकिन हकीकत क्या है? 05 / 04 / 2022बिटकॉइन एथेरियम समाचार के मद्देनजर में फेडरल ओपन मार्केट कमेटी (FOMC) conference commencing today, the crypto market has been struck between a push and pull game by bulls and bears. Yesterday, May 3rd, Bitcoin was hopping between support and resistance after the currency hit at $37,600. Then the flagship currency hit around $39,000. At the time of writing, Bitcoin is changing hands at $38,999 with an increase of 1.13% over the last 24hrs. The recent transcript of Microstrategy earnings reveals that the company has reportedly seen a huge loss on its Bitcoin holdings and also said that the company will have its first margin call once Bitcoin sees its price action bottoming at $21,000. But hold on, there is a catch here. Microstrategy‘s new Chief Financial Officer (CFO), Phong Le, was questioned about the company’s margin before the company receives margin call in regards to their Bitcoin positions. To which Phong Le replied by saying there is no requirement for the company to add more funds to their position. In order to receive the first margin call in their position, Bitcoin needs to