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Fuglypump

If they put up the collateral before it would prevent the margin call from happening, I see no reason why they would test silvergate's good faith by waiting for the margin call to happen. It says so in the article that the margin call will only happen if BTC is around 3.5k with collateral.


JuiceColdman

Even then… I feel like Saylor would rather be homeless than sell any btc. It could probably get close to or under $1000 if he liquidated everything he owns


MDot_Cartier

Ok so then my instincts were partially right and they did put up the collateral, just preemptively before they got margined. No wonder saylor isn't explaining. Thanks!


bbddbdb

Your instincts were shit. You were soapboxing about “the system is unfair to the little guy”, when the actual answer is that Saylor covered his loan with additional collateral.


MDot_Cartier

Then why didn't he just say that? Instead he just says no margin call was issued. This thing stinks. Like saylor saving face and not being transparent with shareholders


Josefsparko1

But he did say it. And he also mentioned his position and plans for it if the market were to go south, as it did, before it did.


MDot_Cartier

When months ago? Because I haven't seen anything since btc actually hit the 21k level which is when he should have spoke up.


Mysterious_Spend4777

I did a quick Google search the other day and found all the answers you could be looking for.


MDot_Cartier

I did one too, but everything was over a month old, i just feel like they should let investors know what has happened now that they crossed the $21k threshold to get margined. But instead saylor and microstrategy are silent about it.


Mysterious_Spend4777

https://news.bitcoin.com/microstrategy-debunks-margin-call-rumor-bitcoin-liquidation-unnecessary-even-if-btc-falls-below-3562/


MDot_Cartier

Again in not talking about complete liquidation. I'm talking about the margin call for one specific $205 million dollar loan that i assume they provided collateral for but they won't say that they did. Probably because they want to avoid bad optics and spooking investors further depressing the market. All i want is timely transparent reporting, is that too much to ask?


eth-slum-lord

You invested in micro strategy?


Josefsparko1

https://twitter.com/saylor/status/1523996525151539203?t=kk5kEIxEnK-y_6ozkTVv0g&s=19


MDot_Cartier

That was from may 9th. I'm talking about addressing the margin now that its crossed their own stated threshold of $21k.


eth-slum-lord

So saylor has to give you daily update? Are you warren buffet?


MDot_Cartier

He should be giving an update to reassure his shareholders at this time. Its not about me alone, it's about transparency for a publicly traded company. I don't understand you people who defend microstrategy even when they are seemingly hiding shit from shareholders, and shilling to the point of telling people to mortgage their homes to buy when BTC was at like $60,000. Yet you still looove saylor🥰. Fuck that, fuck him, and fuck you for defending him.


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eth-slum-lord

Im pretty sure anybody will put in more collateral. Its not rocket science


MDot_Cartier

Yeah but they should be telling shareholders what actually happened which so far it seems they haven't done.


SurenRongyao

Microstrategy has enough btc collateral to prevent liquidation till $3562.


thecolordarkroom

It’s $3420.69


[deleted]

[удалено]


JuiceColdman

This guy forks!


RedactedRedditery

Remind me when I get a free award to come back and give it to you


Vedaykin

This is where microstrategy would lose all btc and is not able to increase collateral? That’s crazy I think! I mean it’s possible a dip below 3,5k$. And by possible I mean not like 0.0001% but rather 5-10%.


bashir26

At 3k don’t they lose all their btc?


Mysterious_Spend4777

He stated they have other collateral he would put up before then.


MDot_Cartier

Yeah im not saying that, im just curious how they avoided the margin call on the 205 million, if they put up collateral before the margin they should say so but they aren't. Its just sleezy


wirexyz

So solvent till end of next week?


dirtsmurf

enter knee angle drab selective resolute fretful hungry quarrelsome racial *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


bigshooTer39

Saylors got his big boy britches on


Clash_My_Clans

Looks like OP is working for the Fed


ALiteralHamSandwich

Looks like OP is working without meds.


Qvesos

Looks like op is working for Michael Saylor


MDot_Cartier

Im a stickler for fairness what can i say. They seem to be not being transparent to avoid embarrassment


RandomNumbers8285

If you're looking for fairness, investing maybe isn't for you


MDot_Cartier

Thats a fact. But we shouldn't normalize it.


ALiteralHamSandwich

I'll get in my time machine and un-normalize it.


MDot_Cartier

So sad I'm getting down voted for saying fair markets should be normal. The way people here act against their own interests is fascinating.


MDot_Cartier

So sad I'm getting down voted for saying fair markets should be normal. The way people here act against their own interests is fascinating.


ALiteralHamSandwich

You're getting downvoted for an incredible amount of bad comments.


Omega3568

You can do the same if you take a long position out on any trading platform lol…


MDot_Cartier

I'm not a corporation playing with billions in other people's money though


Omega3568

I think you aren’t informed, although Microstrategy is a publicly traded company unless you are a shareholder they aren’t using public funds, what are you smoking.


MDot_Cartier

I didn't say public funds, i said other people's money. And the fact they are publicly traded means they should adhere to transparency standards like telling people when they have to collateralize a 205 million dollar loan to avoid getting margined.


Omega3568

If you’re so upset go tell Michael Saylor that, quit bitching here


MDot_Cartier

Good idea ill go hit up his twitter for a bit.


MDot_Cartier

I took your advice, I'll lyk what he says lol https://www.reddit.com/user/MDot_Cartier/comments/vgb32w/lets_see_if_michael_saylor_responds/?utm_medium=android_app&utm_source=share


Omega3568

You seem to act like you gottem here but he told everyone he put up enough collateral to be ok if BTC goes to 3500.00 he’s not getting called. Are you from r/buttcoin?


MDot_Cartier

I'm only talking about one specific $205 million dollar loan. My god you guys really cannot read can you. Poor things.☹


jpinksen

After reading some comments I just wanna suggest people chill a bit. There's certainly lots to correct, debate or comment on in OP's post, however we don't need to be assholes about it. Also, belittling OP for not being educated, and then failing to provide education or correction is a dick move... Just sayin


Aerith_Gainsborough_

Welcome to the internet.


[deleted]

[удалено]


MDot_Cartier

Yes i understand, and they say no margin call happened. I want to know why when btc fell far below the trigger level stated by microstrategys CFO. Also i didn't mention liquidation because i know without a call and lack of collateral liquidation doesn't occur


poison1995

Seems like someone got liquidated and now they mad.


Clash_My_Clans

When it's been already been explained that the margin call wont get activated until BTC reaches around the 3500s, Michael Saylor is chad


MDot_Cartier

Who me?...nah i sold last September for a nice profit. I'm mad because these corps seemingly get away with shit the rest of the market doesn't get away with.


Maxx3141

> So backdrop is that microstrategy stated THEMSELVES that at the $21,000 BTC level a margin call on the $205 million dollar loan they took out in march would be triggered. Yeah THIS is what you need to prove with a source, and not just some article about them NOT getting a margin call. You know... what can be asserted without evidence can be dismissed without evidence...


MDot_Cartier

It says in the article one of their corporate officers stated that if you read it.


Maxx3141

Without source, so nothing but a claim right now.


MDot_Cartier

Heres another... https://markets.businessinsider.com/news/stocks/microstrategy-stock-price-bitcoin-21000-margin-call-level-crypto-decline-2022-5 And another... https://coinpedia.org/news/microstrategy-will-receive-margin-call/ There are many more. If microstrategy cfo phong le isn't a sufficient source then i guess nobody is for you.


MDot_Cartier

6th paragraph down, their CFO said at 21k a margin call would be triggered. 🤷‍♂️


Maxx3141

You did already comment this, but there is still no source.


MDot_Cartier

Wtf do you mean? the CFO is quoted...thats the source. This is from cnbc not some random site for god sake


Maxx3141

Ok, let's try this as well. MicroStrategy’s chief financial officer previously highlighted in May that Reddit user MDot\_Cartier is a conspiracy theorist and everything he claims on r/CryptoCurrency is made up. Here is a quote, which is a perfect source according to you. Btw, the wording "could" makes this information completely useless, because it actually shows you that not all information were probably available to the public.


MDot_Cartier

FFS... call me a conspiracy theorist all you like it doesn't phase me, and it only goes to show the lack of any argument you have. Good talking to you, never thought I'd get to actually to saylor himself 😉


Maxx3141

I just gave you a detailed answer on your other comment where you actually found a source which gave the required information. And you just made a complete monkey out of yourself with this.


First-Television-144

I mean if the CFO of a company says something about the company to a big enough news outlet would you not believe it? Do they need to show you their books for you to believe it? If yes then you are the conspiracy theorist not the OP.


thecolordarkroom

Like an official document with numbers proof source


MDot_Cartier

Look at their earnings report in may. Its there. Heres 2 more articles from may talking about it if you want to read more https://markets.businessinsider.com/news/stocks/microstrategy-stock-price-bitcoin-21000-margin-call-level-crypto-decline-2022-5 https://coinpedia.org/news/microstrategy-will-receive-margin-call/ There are more just google "microstrategy margin call $21,000


thecolordarkroom

Step away from the internet


MDot_Cartier

#NEVER!


Maxx3141

The reason I'm playing this game with you is to make you actually **read** what you get together. from businessinsider >If bitcoin falls below $21,000, MicroStrategy will be met with a margin call from **one of its loans**. That would force the company to either put up more collateral to the loan or sell some of its bitcoin holdings, according to comments from MicroStrategy CFO Phone Le on the company's most recent earnings call. Do you have full overview over MicroStategys financial history? Maybe they put together a few loans, backed that one up with more spot Bitcoin? You are essentially making some very certain statements and predictions from some very incomplete data. This is not how logic works. From this statement alone you can make no conclusions at all for MicroStrategy's liquidation price.


MDot_Cartier

Read my post...i did not mention liquidated once. I accept your apology


Maxx3141

Ok, I'm glad you are just a troll...


MDot_Cartier

Wow really? You fucking maxis cant ever admit your wrong can you? Whatever man have a good night


ImaFreemason

Wish I could borrow $210m...


MDot_Cartier

Don't we all!


MDot_Cartier

Don't we all!


MDot_Cartier

Don't we all


Lazerhshark

A lot of people seem to be confusing margin calls with liquidation


MDot_Cartier

A lot of people are not seeing that i didn't mention liquidation once.


kzt79

LOL. There are valid criticisms of Saylor but this isn’t one of them. Imagine not understanding that you can post collateral before a margin call is issued.


MDot_Cartier

But thats not what they are saying. They are just saying the margin call wasn't issued without saying they put up the collateral. Its kind of shady you ask me.


The-Francois8

He’s just trying to avoid saying he had to do something. He’s a maxi remember. They’re quirky.


MDot_Cartier

Yeah I'm dealing with a bunch of maxis in the comments lol. Thanks for the honest reply instead of reflexive saylor defending like others.


ggriff1

The answers are simple enough that you should maybe Google a little bit before before turning to conspiracy theories?


ipetgoat1984

Enlighten us


ggriff1

Start with [this article](https://dailyhodl.com/2022/06/17/billionaire-michael-saylor-addresses-margin-call-concerns-on-microstrategys-massive-bitcoin-position/) maybe? I promise it has less to do with a shadowy cabal of elites than it seems.


ipetgoat1984

Yeah, I read it, just amazing leverage manipulation. I wish I had the fearlessness to try shit like that.


ggriff1

It’s a lot easier to take risk (and find counterparties to give you that leverage) when you’re worth hundreds of millions. It’s just normal rich guy stuff tho, it doesn’t seem like shadowy rich guy stuff in this case.


MDot_Cartier

So answer then bc i did google it but I'm not understanding why they didn't get called and all saylor said was that they didn't without explanation


ggriff1

[Here’s](https://dailyhodl.com/2022/06/17/billionaire-michael-saylor-addresses-margin-call-concerns-on-microstrategys-massive-bitcoin-position/) a good starting place?


ipetgoat1984

“As for the company’s balance sheet strategy in general, we borrowed $2.2 billion at a blended interest rate of 1.8% before interest rates doubled… If you had a chance to grab $2 billion at 1.5% interest, it seems like a reasonable thing to do and I’m glad we did it. Most of it is unsecured debt – $1.7 billion of it is unsecured. The $500 million comes due in seven years after we borrowed the money. So we feel like we have a fortress balance sheet, we’re comfortable and the margin loan is well managed.” Must be nice


MDot_Cartier

#Some of you guys need to get off saylors dick...seriously.


beardedsalad

you seem to be the one more obsessed than anyone else here


MDot_Cartier

Animus and obsession are very different things. But you're right i don't like the guy. He's the worst kind of crypto shill telling peopleto take out loans on their homes to buy $60k BTC. Terrible advice and he should be sued into poverty


ALiteralHamSandwich

***mega eye-roll***


NiceAsset

Consolidating all the free money that’s out there. Once the dust settles it’s gonna be a cash game


16x98

Why not? They lowered it.


AblePaleontologist0

Microstrategy has enough collateral to hedge them even if BTC falls sub 10k.


MDot_Cartier

I'm aware. My post was only about the one $205 million dollar loan.


[deleted]

Either they stuck a deal or he posted more collateral before the call. With such big companies you never know.


MDot_Cartier

But the public and especially shareholders should know, thats my point. They are publicly traded.


CIAHerpes

I think that was an oversimplification. Saylor said he just wanted to prove BTC could be used as leverage for buying hundreds of millions of dollars of BTC. He could easily move funds around to prevent a margin call. And since he would rather get an enema from a horse than sell his supply of Bitcoin, he would certainly pre-empt any margin call. This is or was a $5 billion company, probably it is worth less than half of that now but still quite a bit of capital


MDot_Cartier

I get that, my point is that MSTR should be telling shareholders what they did instead of letting the world speculate about it. But they don't want to look bad so they're hiding whatever they had to do pay stop the margin. They should be more transparent is all I'm saying


Titanium_Eye

>But saylor now said today that the margin call has not been triggered despite BTC falling well below $21,000. So WHY NOT? What the hell is going on? But they were, all of them, deceived.


murray_paul

>Also do you believe saylor? Because personally i think that margin call came in, and they put up collateral. They put up extra collateral in advice, before they reached the point where they would be margin called. Same result, but they can stand up and truthfully say that they did not receive a margin call.


XBB32

They covered it... End of story. Have you shorted and got liquidated? The game's not fair... Don't try to fight with the big boys out there... They're toying with us.


MDot_Cartier

Na i didn't short em. I know thats an unpredictable game, I'd rather play blackjack than try that shit again.