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Tag: elon musk

The $3.96 Billion Margin Call

The $3.96 Billion Margin Call

Posted by | Jun 13, 2022 | , , ,

MicroStrategy’s Michael Saylor was one of the biggest advocates of bitcoin as it rose and rose throughout 2020 and 2021. His software company started acquiring the cryptocurrency as a Treasury reserve asset, presuming it might be a more stable store of wealth than their dollar-based assets. It wasn’t, and now Michael Saylor is just a few bad trading days away from a $3.96 billion margin call.

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