MicroStrategy Bitcoin Bet Backfires, Holding Losses Near $1 Billion – Margin Call Time?

Michael Saylor, founder and CEO of MicroStrategy, placed a large wager on Bitcoin that did not appear to pay off, since the company’s Bitcoin holdings have reached over $1 billion. As BTC sank to its lowest level in 18 months in the face of an increasing selloff in risk assets and after a crypto lender froze […]