Revisiting MicroStrategy's Pain Points as Bitcoin Tumbles

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It’s a question that was asked earlier this year on the company’s first-quarter earnings call (with bitcoin at about $30,000), and then-outgoing CFO Phong Le suggested a price at or below $21,000 could serve as a trigger point for a margin call. Saylor, however, was quick to clarify those remarks, taking to Twitter to clearly delineate MicroStrategy’s obligations in regard to its bitcoin-backed loans.

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