[goo]

The collateral limit getting triggered isn’t a particularly big deal: it just means that MSTR needs to quickly furnish more BTC as collateral or they’ll be in breach of loan covenants. But they HAVE a ton of BTC, so there’s no effect on the market. The only way this gets interesting at all is if the total bitcoin owned by mstr starts approaching the price of the loan (which it’s not even close to, but that’s the point where silvergate could lose some money…)

Really all the margin call does is reduce the amount of additional debt collateralized by bitcoin that MSTR could take on. It’s clickbait!