Shares of Twilio (NYSE: TWLO) and Zoom Video Communications (NASDAQ: ZM) have been brutally beaten down on the stock market in 2022 amid the tech stock sell-off. While Twilio stock has plunged 68% so far this year, shares of Zoom are down 43.8%. Read More...
Reuters
Bitcoin nears MicroStrategy ‘margin call’ price
Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to stake more tokens against a bitcoin-backed loan or trigger selling of some of its vast holdings, setting fragile cryptocurrency markets on edge. MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate Capital in March, with the three-year loan mostly secured against some 19,466 bitcoins. If the bitcoin price dropped below about $21,000 that would trigger a “margin call” or a demand for extra capital, MicroStrategy President Phong Le said in webcast in May.
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