MicroStrategy has no plans to liquidate its cryptocurrency holdings. According to CEO Michael Saylor, the bitcoin price must fall below $3,562 for the firm to run out of digital assets to secure loans.

MicroStrategy has a $205 million term loan and must hold $410 million as collateral. $MSTR He has 115,109 BTC that he can pledge. if the price #BTC If it drops below $3,562, the company can provide another cover. See slides 11-12 in the Q1 2022 presentation. #HODLhttps://t.co/9WHsIB6Usx

— Michael Saylor⚡️ (@saylor) 10 May 2022

“MicroStrategy has secured a $205 million term loan and will provide $410 million of collateral. The company has 115,109 BTC to pledge. If the Bitcoin price drops below $3,562, we can provide another coverage,” he wrote.

Earlier, the company released financial results for the first quarter of 2022. For the reporting period, it earned $119.3 million on $298 million in expenses. The second figure includes $170.1 million from a negative revaluation of its digital assets.

MicroStrategy is balancing 129,218 BTC – more than $4 billion at the exchange rate at the time of this writing. At the same time, 115,109 BTC are stored in the reserves of the MacroStrategy division. The company considers 95,643 BTC as “unspent”.

Shares of MicroStrategy fell more than 25% during the cryptocurrency market crash on May 9. During the preliminary market on the Nasdaq on May 10, securities recovered some of the decline, but quotes fell again after the opening of the main session.

At the time of writing, the stock is trading around $216.

Recall that in April Saylor sought out the successful bitcoin buying policy.