An iron will crypto – In the cryptosphere, the principle of HODLconsists of keep at all costs its bitcoins (BTC) and other cryptos. Despite the difficulty of MicroStrategy’s position on his Bitcoin bet, his CEO Michael Saylor hold on. He remains firmly enthusiastic for the future of bitcoin. future, which will notably pass through the Lightning Networkaccording to him.
MicroStrategy will keep its BTC, faith of Michael Saylor
With a investment of more than 129,000 bitcoins accumulated since August 2020, the listed company MicroStrategy (MSTR stock) is very heavily exposed to the king of cryptos.
But what worries above all is a $205 million loan contracted with the Silvergate Bank. Indeed, this loan was granted against a bitcoin guarantee. However, with the incessant decline in BTC prices, a margin call (margin call) was to be feared if the queen of cryptos fell below $21,000.
But obviously, Michael Saylor and his company are ready to hand over as many bitcoins as needed to not see this warranty liquidated. It’s because the boss of MicroStrategy obviously cares about his BTC as the apple of his eye.
“When MicroStrategy adopted a Bitcoin strategy, the company anticipated volatility, and structured its balance sheet so that it could continue to HODL even in adversity.
MicroStrategy has a term loan of $205 million and must maintain $410 million as collateral. MSTR has 115,109 BTC [encore libres] that he can pledge. Even if the price of BTC fell below $3,562, the firm could still provide further [actifs en] guarantees. (…)”.
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For Michael Saylor, the future of DeFi will be written on the Lightning Network
The CEO of MicroStrategy is confident for the invention of Satoshi Nakamoto. He already sees Bitcoin as answer to the recent problems of Terra (LUNA) and the Challenge (decentralized finance).
Michael Saylor thus thinks that the real decentralization of finance will pass through the Lightning Networkthe solution of second (layer 2) of Bitcoin. On his account Twitter, he even dubbed it “Li-Fi”for LightningFinance.
“The solid ethical, economic and technical foundation of DeFi is Bitcoin. The next generation of decentralized finance will be built using the Lightning protocol and bitcoin. »
It will be understood, MicroStrategy and Michael Saylor are not ready to let go of Bitcoin. Still, the recent problem of withdrawal blocking by Celsius Network worry. Since this Monday, June 13, 2022, it is indeed impossible to remove any crypto-asset of this centralized platform of lending.
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