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<ul class="summary-list"><li>A <keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> unit has taken out a $205 million loan to buy more <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword>, extending the company's commitment to buy the cryptocurrency. </li><li>The three-year term loan is collateralized by about $820 million worth of bitcoin. </li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">MicroStrategy</a> is continuing to build holdings in <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a>, with a unit of the enterprise software company taking out a $205 million loan to buy more of the <keyword id="12086982" type="UNKNOWN" weightage="60" keywordseo="digital-currency" source="Orion">digital currency</keyword>. The subsidiary reached an agreement for a term loan with <a href="https://markets.businessinsider.com/news/stocks/silvergate-stock-price-bitcoin-ethereum-200-diem-facebook-2022-3">Silvergate Bank</a>, a <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> lender <a href="https://markets.businessinsider.com/stocks/si-stock?utm_medium=ingest&amp;utm_source=markets">run by Silvergate Capital,</a> MicroStrategy said Tuesday. The loan marked the first time the company has borrowed to make bitcoin purchases. The loan was collateralized with $820 million in bitcoin and it will <a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312522087494/d312252d8k.htm">mature in March 2025</a>, according to a Securities and Exchange Commission filing. "Using the capital from the loan, we've effectively turned our bitcoin into productive collateral, which allows us to further execute against our business strategy," MicroStrategy CEO <keyword id="11939144" type="UNKNOWN" weightage="60" keywordseo="michael-saylor" source="Orion">Michael Saylor</keyword> <a href="https://www.microstrategy.com/en/investor-relations/press/silvergate-bank-issues-205-m-loan-to-macrostrategy-collateralized-by-bitcoin_03-29-2022">said in Tuesday's statement.</a>MicroStrategy held 125,051 bitcoins as of January 31, with the value sitting at around $5.9 billion as of Tuesday as bitcoin traded at $47,545. Bitcoin enthusiast Saylor in August 2020 converted <a href="https://www.businesswire.com/news/home/20200811005331/en/">virtually all of MicroStrategy's cash into bitcoin</a>. He has repeatedly said his company will continue to add bitcoin to its stockpile and has called the digital currency likely the only known <a href="https://markets.businessinsider.com/news/currencies/michael-saylor-crypto-bull-bitcoin-only-scarcity-snubs-gold-commodities-2022-3">scarcity in the world</a>.

MicroStrategy has borrowed $205 million to buy more bitcoin as CEO Michael Saylor remains committed to the cryptocurrency

<ul><li><keyword id="13023893" type="UNKNOWN" weightage="60" keywordseo="microstrategy-stock" source="Orion">MicroStrategy stock</keyword> fell 24% to its lowest level since 2020 as <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword>'s bear market continues.</li><li>Bitcoin has fallen 18% over the past week to below $33,000, inching closer to <keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword>'s margin call levels.</li><li>MicroStrategy could be forced to sell some of its bitcoin if the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> drops below $21,000.</li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy</a> fell 24% on Monday to its lowest level since 2020 as the stock price continues to closely track the price of bitcoin and gets closer to <a href="https://markets.businessinsider.com/news/stocks/microstrategy-bitcoin-margin-call-21000-crypto-loan-mstr-stock-price-2022-5">its margin call level.</a>Bitcoin has dropped more than 20% over the past week, dipping below $31,000, after it <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-long-term-bearish-crypto-technical-analysis-stockton-2022-5">was rejected at a key resistance level of $40,000</a>. That's bad news for MicroStrategy, as it has taken out billions of dollars in debt to buy more than 129,000 bitcoin over the past two years.And MicroStrategy's underlying software business is not profitable enough to service that debt, so the success of the company's highly leveraged bet on crypto is solely dependent on the price of bitcoin rising well above its average price paid of $30,700.If bitcoin falls below $21,000, MicroStrategy will be met with a margin call from one of its loans. That would force the company to either put up more collateral to the loan or sell some of its bitcoin holdings, according to comments from MicroStrategy CFO Phone Le on the company's most recent earnings call.MicroStrategy was asked during the call, "how far does bitcoin have to fall for MicroStrategy to receive a margin call on the Silvergate loan?""As far as where bitcoin needs to fall, we took out the loan at a 25% loan-to-value, the margin call occurs [at] 50% loan-to-value. So essentially, bitcoin needs to cut in half or around $21,000 before we'd have a margin call," Le answered. Bitcoin would need to fall 36% from current levels to hit $21,000.In March, MicroStrategy took out <a href="https://www.microstrategy.com/en/investor-relations/press/silvergate-bank-issues-205-m-loan-to-macrostrategy-collateralized-by-bitcoin_03-29-2022">a $205 million bitcoin-collateralized loan</a> with Silvergate Bank to purchase more bitcoin. The software company's total bitcoin holdings are now worth just over $4 billion. Earlier this year, <a href="https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1?utm_medium=ingest&amp;utm_source=markets">CEO Michael Saylor said he doesn't plan to ever sell</a> MicroStrategy's bitcoin stash.But MicroStrategy is <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> at a market valuation of just over $3 billion, meaning the stock is trading at a discount to its underlying crypto holdings. That signals investors may be somewhat uneasy with its billions of dollars in debt, its slowly declining software business, and its exposure to a extremely volatile asset.

MicroStrategy falls 24% as bitcoin inches closer to its margin call level of $21,000

<ul><li><keyword id="13023893" type="UNKNOWN" weightage="60" keywordseo="microstrategy-stock" source="Orion">MicroStrategy stock</keyword> extended its week-long decline to 53% on Wednesday as <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> continued to fall.</li><li>Bitcoin dipped below $30,700, which is the average price <keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> paid for its stash of 129,000 bitcoin.</li><li>MicroStrategy could get margin called and be forced to sell some of its bitcoin if the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> drops to $21,000.</li></ul>The decline in <a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy stock</a> continued on Wednesday after bitcoin briefly dipped below the company's average price paid for the cryptocurrency.MicroStrategy fell 27% in Wednesday trades, and <a href="https://markets.businessinsider.com/news/stocks/microstrategy-stock-price-bitcoin-21000-margin-call-level-crypto-decline-2022-5">is down 53% over the past week</a> as investors' shift to risk-off mode accelerates amid a continued rise in inflation and growing concerns that <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-economic-recession-big-decline-sp500-jobs-2022-5">the broader economy may enter a recession.</a>MicroStrategy first began adding bitcoin to its balance sheet in 2020, and has amassed 129,218 bitcoin at an average price paid of about $30,700. That didn't sit well with investors when bitcoin fell below $30,000 on Wednesday, hitting a low of $29,314.And the outlook doesn't look great after <a href="https://markets.businessinsider.com/news/currencies/terra-terrausd-luna-ust-stablecoin-plunge-do-kwon-death-spiral-2022-5">the collapse of Terra</a> and poor <a href="https://markets.businessinsider.com/news/stocks/coinbase-stock-price-q1-earnings-crypto-premarket-trading-missed-2022-5">earnings from Coinbase.</a>The bet made by MicroStrategy is even more tenuous when you consider that the fledging software company raised billions of dollars in debt to fuel its spree of bitcoin purchases.That puts the company at risk of default if the cryptocurrency continues its plunge, especially given that MicroStrategy's software business is not profitable enough to service the debt. That risk is showing through in the current pricing of some of MicroStrategy's individual bonds, with its convertible offering due in 2027 trading at 60 cents on the dollar earlier this week.If bitcoin falls below $21,000, MicroStrategy <a href="https://markets.businessinsider.com/news/stocks/microstrategy-bitcoin-margin-call-21000-crypto-loan-mstr-stock-price-2022-5?utm_medium=ingest&amp;utm_source=markets">will be met with a margin call from one of its loans.</a> That would force the company to either put up more collateral to the loan or sell some of its bitcoin holdings, according to comments from MicroStrategy CFO Phone Le on the company's most recent earnings call.MicroStrategy was asked during the call, "how far does bitcoin have to fall for MicroStrategy to receive a margin call on the Silvergate loan?" In March, MicroStrategy took out <a href="https://www.microstrategy.com/en/investor-relations/press/silvergate-bank-issues-205-m-loan-to-macrostrategy-collateralized-by-bitcoin_03-29-2022">a $205 million bitcoin-collateralized loan</a> with Silvergate Bank to purchase more bitcoin."As far as where bitcoin needs to fall, we took out the loan at a 25% loan-to-value, the margin call occurs [at] 50% loan-to-value. So essentially, bitcoin needs to cut in half or around $21,000 before we'd have a margin call," Le answered. Bitcoin would need to fall 32% from current levels to hit $21,000.Earlier this year, <a href="https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">CEO Michael Saylor said he doesn't plan to ever sell</a> MicroStrategy's bitcoin stash. But he may not have a choice if bitcoin continues to slide lower. <div type="image" title="MSTR stock" height="574" width="627" msid="91499565" hostid="261"></div>

MicroStrategy extends week-long decline to 53% as bitcoin dips below its average price paid of $30,700

<ul><li><keyword id="6553953" type="UNKNOWN" weightage="20" keywordseo="creditbee">CreditBee</keyword> is reportedly <keyword id="874458" type="LOCATION" weightage="100" keywordseo="Xiaomi">Xiaomi</keyword>’s new <keyword id="3088449" type="PERSON" weightage="20" keywordseo="micro-lending">micro lending</keyword> platform in India. </li><li>Experts expect India’s <keyword id="2461546" type="PERSON" weightage="20" keywordseo="FinTech">fintech</keyword> industry to double in the next two years.</li><li>The service will issue <keyword id="1628688" type="PERSON" weightage="20" keywordseo="micro-loans">micro loans</keyword> at a 3% rate of interest for a period of 90 days. </li></ul>Chinese smartphone maker Xiaomi is launching their new lending platform in India. The micro-lending product is named CreditBee since the service has been launched in partnership with <keyword id="3538270" type="PERSON" weightage="20" keywordseo="KrazyBee">KrazyBee</keyword>. The company has yet to make an official announcement, but a source speaking to <a href="https://tech.economictimes.indiatimes.com/news/internet/xiaomi-launches-its-first-lending-product-in-india/64282329">ETtech</a> claimed that the platform is already live and the company will officially unveil it in the coming weeks. Microloans are essentially loans of small value issued at a low rate of interest. Over the past couple of years, it’s become quite an attractive <a href="https://www.moneycontrol.com/news/business/personal-finance/7-emerging-lending-options-you-should-explore-to-raise-funds-2566149.html">alternative</a> for under-represented groups or start-ups, who don’t necessarily require a huge loan. On CreditBee, consumers will be able to avail loans <a href="https://inc42.com/buzz/xiaomi-launches-lending-product-creditbee-with-krazybee/">starting</a> from ₹1,000 to ₹100,000. The term of the loans is 90 days, at an interest rate of 3 percent. Their target audience is salaried professionals who need short-term, small amount loans. KrazyBee, Xiaomi’s partner for this venture, is amongst the companies Xiaomi invested in. It was only last year that they <a href="https://tech.economictimes.indiatimes.com/news/startups/krazybee-raises-8-million-from-xiaomi-tech-and-others/61111187">led</a> an $8 million round for the company, which is based out of Bengaluru. And now, Xiaomi may even be <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/xiaomi-is-in-advanced-talks-to-pick-up-stake-in-zestmoney/articleshow/63675367.cms">looking</a> into making a second investment in the fintech industry with <keyword id="6414960" type="UNKNOWN" weightage="20" keywordseo="ZestMoney">ZestMoney</keyword>. ZestMoney is the company that fuels EMI-loans on Mi.com at the moment. Reports <a href="https://tech.economictimes.indiatimes.com/news/mobile/xiaomi-is-in-advanced-talks-to-pick-up-stake-in-zestmoney/63675487">indicate</a> that the former is looking to raise around $20 million through Xiaomi and its existing investors, like PayU. It’s not surprising that Xiaomi is looking at the fintech industry. The company already has a few lending platforms back home in China. Also, it had <a href="https://www.techradar.com/news/xiaomi-plans-to-launch-6-new-smartphones-expand-its-non-smartphone-portfolio-in-2018">indicated</a> earlier that it would like to expand its business beyond the smartphone arena and build a non-smartphone portfolio. With the country’s demographic dividend hitting its peak, more and more products are being targeted towards salaried individuals. Experts <a href="https://www.financialexpress.com/economy/economic-boom-in-india-coming-soon-massive-number-of-consumers-eligible-for-credit-heres-what-it-means/1175548/">speculate</a> that there are nearly 150 million consumers who aren’t 'credit active' right now but are eligible to turn into retail credit borrowers. Their analysis suggests that tapping into that potential could result in big growth opportunities for companies in the lending industry, which in turn will provide a boost to the economy. That being said, India has <a href="https://www.foxbusiness.com/markets/the-10-countries-where-people-save-the-most-money">historically</a> been a savings oriented nation, though that trend has been slowly been <a href="http://www.ey.com/Publication/vwLUAssets/ey-the-battle-for-the-indian-consumer/$File/ey-the-battle-for-the-indian-consumer.pdf">reversing</a> since the dawn of liberalisation and privatisation in 1992. With the fintech software market set to <a href="http://www.nasscom.in/knowledge-center/publications/fintech-india-global-growth-story">double</a> to $2.4 billion by 2020 from the current $1.2 billion, the transformation will only gain momentum. Currently, India is the biggest market for Xiaomi, second only to China. The company’s Indian operations even <a href="https://economictimes.indiatimes.com/tech/hardware/xiaomi-turns-profitable-in-third-year-in-india/articleshow/61954734.cms">started</a> turning a profit in FY 2017, which marked Xiaomi’s third year in the country with sales of around ₹8,379 crore.

After conquering the smartphone space, Xiaomi now wants to enter India’s fintech industry

Kolkata, Apr 15 () Private lender Bandhan Bank doesnot apprehend any repayment issues owing to the nationwidelockdown to contain the spread of COVID-19, a top bankofficial said.Recovery, however, has been halted at present due tothe curbs.MD and CEO of Bandhan Bank Chandrasekhar Ghosh saidrepayments should not be a cause for concern as borrowers'businesses are continuing."Recovery of micro loans from borrowers have stoppedfrom March 23," Ghosh told .He said since bank personnel cannot physically go tocollect the loan repayment amount, the outstanding will remainat the previous level.Ghosh said interest will be recovered at the time ofrepayment, irrespective of whether the customer opted for thethree-month RBI moratorium."We are explaining to our customers that the costsinvolved in opting for the moratorium are high since theinterest will be compounded at the time of repayment," anotherbank official said.In case of micro-finance, repayments are made on aweekly basis (equated weekly instalments), and not as EMIs.The official said most of the bank's customers areapprised of the costs of opting for the moratorium and areagreeable to repay as per schedule.Earlier during the start of the bank in August 2015,exposure to the micro-banking sector was almost 80 per cent oftotal advances.Ghosh had earlier said the lender's aim is to lowerthe micro-banking exposure to 50 per cent. After its mergerwith Gruh Home Finance, the exposure had come down to around61 per cent as on December 31.As on March 31, Bandhan Bank's total loan book stoodat Rs 71,825 crore, reflecting a 60 per cent year-on-yeargrowth.Deposits from the micro-banking sector continues to bestrong and stable, despite the lockdown, Ghosh added. DCRBT RBT

Lockdown: Bandhan Bank sees no problem in loan repayments

<ul><li><keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> said it would face a margin call on some of its <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> holdings if the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> falls to $21,000.</li><li>MicroStrategy has amassed more than 129,000 bitcoin with a value of more than $5 billion.</li><li>MicroStrategy has raised more than $2 billion in debt to buy its bitcoin holdings at an average price of $30,700.</li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy</a> has amassed more than 129,000 <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> since the software company began buying the cryptocurrency with debt in 2020.But the strategy of raising more than $2 billion in debt to buy a speculative asset has one big risk: it can trigger a margin call if the price of bitcoin falls below a certain level.On Tuesday, MicroStrategy CFO Phong Le outlined in the company's first-quarter earnings call that it would face a margin call if bitcoin fell to $21,000, which would represent a decline of 46% from current levels.MicroStrategy was asked during the call, "how far does bitcoin have to fall for MicroStrategy to receive a margin call on the Silvergate loan?""As far as where bitcoin needs to fall, we took out the loan at a 25% loan-to-value, the margin call occurs [at] 50% loan-to-value. So essentially, bitcoin needs to cut in half or around $21,000 before we'd have a margin call," Le said.MicroStrategy could avoid being forced to sell its bitcoin at a lower price than it bought it if the company adds more collateral to its loan, he said. "Before it gets to 50%, we could contribute more bitcoin to the collateral package, so it never gets there, so we don't ever get into a situation of a margin call."In March, MicroStrategy took out <a href="https://www.microstrategy.com/en/investor-relations/press/silvergate-bank-issues-205-m-loan-to-macrostrategy-collateralized-by-bitcoin_03-29-2022">a $205 million bitcoin-collateralized loan</a> with Silvergate Bank to purchase more bitcoin. The software company's total bitcoin holdings are now worth more than $5 billion and have an average cost basis of about $30,700. Earlier this year, <a href="https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1">CEO Michael Saylor said he doesn't plan to ever sell</a> MicroStrategy's bitcoin stash.But MicroStrategy is <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> at a market valuation of only $4.4 billion, meaning the stock is trading at a discount to its underlying crypto holdings, signaling that investors may be somewhat uneasy with its billions of dollars in debt, its slowly declining software business, and its exposure to a extremely volatile asset.Additionally, MicroStrategy's stock price has closely mirrored the price of bitcoin to the point where <a href="https://markets.businessinsider.com/news/stocks/bitcoin-microstrategy-stock-spot-etf-michael-saylor-cryptocurrency-sec-mstr-2022-4">some consider it a quasi-bitcoin ETF,</a> as there is no true bitcoin ETF yet approved in the US. For now, MicroStrategy's stock price lives or dies based on the price of bitcoin, which is down 44% from its record high of $69,000 in November. <keyword id="13023893" type="UNKNOWN" weightage="60" keywordseo="microstrategy-stock" source="Orion">MicroStrategy stock</keyword> is down 62% since bitcoin topped out in November, and is down 37% year-to-date.

Microstrategy said it would face a margin call and be forced to sell some of its crypto if bitcoin falls to $21,000

<ul><li><keyword id="13023893" type="UNKNOWN" weightage="60" keywordseo="microstrategy-stock" source="Orion">MicroStrategy stock</keyword> plunged 29% on Monday amid an ongoing meltdown in <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> and other <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword>.</li><li>Bitcoin fell more than 12% to below $24,000 early Monday as investors assess the contagion risk of the Celsius Network freezing withdrawals.</li><li><keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> took out billions of dollars of debt to buy bitcoin at higher prices and faces a margin call if the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> falls to $21,000.</li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy</a> stock fell as much as 29% on Monday amid <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-cryptocurrencies-celsius-collapse-inflation-dampen-confidence-2022-6">an ongoing meltdown in cryptocurrencies</a> that has erased hundreds of billions of dollars in market value.Bitcoin fell more than 12% to below $24,000, and the total market value of cryptocurrencies fell below the $1 trillion level for the first time since February 2021. The weakness came as investors assess <a href="https://markets.businessinsider.com/news/currencies/crypto-lender-celsius-freeze-withdrawals-transfers-accounts-market-tumble-bitcoin-2022-6">the contagion risk of the Celsius Network freezing withdrawals</a> over the weekend. Many crypto investors uses Celsius for crypto staking and liquidity.MicroStrategy is feeling the pressure on Monday because it took out billions of dollars of debt to purchase bitcoin at higher prices. MicroStrategy owns nearly 130,000 bitcoin on its balance sheet, having purchased them at an average price of $30,700 over the past two years.And while MicroStrategy CEO <keyword id="11939144" type="UNKNOWN" weightage="60" keywordseo="michael-saylor" source="Orion">Michael Saylor</keyword> has repeatedly said <a href="https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">he will never sell bitcoin</a>, he may not have a choice if bitcoin keeps falling at the pace it has in recent days, as the company faces a margin call on its bitcoin-backed loan <a href="https://markets.businessinsider.com/news/stocks/microstrategy-stock-price-bitcoin-21000-margin-call-level-crypto-decline-2022-5">if the cryptocurrency falls to $21,000</a>. That would force the company to either put up more collateral or sell some of its bitcoin.That's according to comments from MicroStrategy CFO Phone Le on the company's first-quarter earnings call.MicroStrategy was asked during the call, "how far does bitcoin have to fall for MicroStrategy to receive a margin call on the Silvergate loan?""As far as where bitcoin needs to fall, we took out the loan at a 25% loan-to-value, the margin call occurs [at] 50% loan-to-value. So essentially, bitcoin needs to cut in half or around $21,000 before we'd have a margin call," Le answered. Bitcoin would need to fall just 13% from current levels to hit $21,000.In March, MicroStrategy took out <a href="https://www.microstrategy.com/en/investor-relations/press/silvergate-bank-issues-205-m-loan-to-macrostrategy-collateralized-by-bitcoin_03-29-2022">a $205 million bitcoin-collateralized loan</a> with Silvergate Bank to purchase more bitcoin. The software company's total bitcoin holdings are now worth just over $3 billion. But MicroStrategy is <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> at a market valuation of just under $2 billion, meaning the stock is trading at a discount to its underlying crypto holdings. That signals investors are uneasy with its billions of dollars in debt, its slowly declining software business, and its exposure to an extremely volatile asset.MicroStrategy hasn't been shy in buying more bitcoin amid broader crypto market declines. But that may not be an option anymore as it becomes stretched thin with leverage and as investor confidence in crypto deteriorates, making it harder for the company to raise more debt for the sole purpose of buying crypto.

MicroStrategy plunges 29% after bitcoin meltdown pushes crypto market cap below $1 trillion

<ul class="summary-list"><li><keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> CEO <keyword id="11939144" type="UNKNOWN" weightage="60" keywordseo="michael-saylor" source="Orion">Michael Saylor</keyword> told Bloomberg on Tuesday there is no margin call on its bitcoin-backed loan. </li><li>"As long as the Silvergate loan remains collateralized with an LTV less than 50%, there is no margin call," Saylor wrote via email. </li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy</a> investors should not worry about a potential margin call on its loan backed by <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> as the software maker has plenty of collateral to pledge if needed, <a href="https://www.bloomberg.com/news/articles/2022-06-14/microstrategy-ceo-saylor-says-no-margin-call-on-bitcoin-loan?sref=GUP2BhaG">CEO Michael Saylor told Bloomberg</a> on Tuesday. "As long as the Silvergate loan remains collateralized with an LTV less than 50%, there is no margin call," Saylor wrote in an email to Bloomberg, referring to loan to collateral value ratio. "We manage accordingly."MicroStrategy's stock rose more than 3% during Tuesday's session after Monday's 25% plunge on fears of a margin call as <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> plummeted. Bitcoin's recent sell-off has pushed the cryptocurrency's price towards $21,000. The company in May said bitcoin would need to fall to around that price before a margin call would be triggered on its $205 million loan made by a unit of Silvergate Bank. MicroStrategy may contribute more to the collateral package so it never gets there, the report said. Bitcoin on Tuesday traded at $22,284.76, paring losses to 1%. MicroStrategy took out debt to buy bitcoin at higher prices. It owns almost 130,000 bitcoin on its balance sheet, purchasing them at an average price of $30,700 over the past two years."When<a href="https://twitter.com/MicroStrategy"> @MicroStrategy</a> adopted a<a href="https://twitter.com/hashtag/Bitcoin?src=hashtag_click"> #Bitcoin</a> Strategy, it anticipated volatility and structured its balance sheet so that it could continue to<a href="https://twitter.com/hashtag/HODL?src=hashtag_click"> #HODL</a> through adversity," <a href="https://twitter.com/saylor">Saylor wrote in a Tuesday message</a> to his 2.5 million Twitter followers.Bitcoin has tumbled alongside stocks on broader investor worries about rising interest rates and slowing economic growth, pulling the <a href="https://coinmarketcap.com/">value of the cryptocurrency market to less than $1 trillion</a>. MicroStrategy shares have declined roughly 70% this year. Silvergate Bank's parent company is <a href="https://markets.businessinsider.com/stocks/si-stock">Silvergate Capital</a>. Its shares rose nearly 4% on Tuesday but have lost more than 50% during 2022.

MicroStrategy CEO Michael Saylor says there's no margin call on its bitcoin loan and it has plenty of collateral

<ul class="summary-list"><li>MicroStrategy bought 6,455 bitcoins for about $150 million in the last five weeks, an SEC filing showed.</li><li>That brings the firm's total bitcoin holdings to 138,955 tokens, or about $3.88 billion.</li></ul>Michael Saylor's MicroStrategy bought 6,455 <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoins</a> over the last five weeks, according to a Friday <a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312523079839/d467124d8k.htm">SEC filing</a>.The purchases were made at an average price of about $23,238 per token, and totaled roughly $150 million. Crypto investments are not new for MicroStrategy, and Saylor frequently touts bitcoin from his Twitter account.The recent acquisitions bring the software company's holdings up to 138,955 bitcoins, per <a href="https://www.coindesk.com/business/2023/03/27/microstrategy-pays-off-silvergate-loan-buys-more-bitcoin/" target="_blank" rel="noopener">CoinDesk</a>, bought at an average price of $29,817 each. All together, those holdings are worth about $3.88 billion, at the current bitcoin price of about $27,900. MicroStrategy's latest crypto buying spree comes as bitcoin has <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-market-outlook-inflation-data-cpi-interest-rates-2023-3?_gl=1*1l3rt83*_ga*MjA5NTAyMzYyOS4xNjYyNDcwMDc5*_ga_E21CV80ZCZ*MTY3OTkzMzE3MC43MDEuMS4xNjc5OTMzMjI0LjYuMC4w" target="_blank" rel="noopener">rallied to start the year</a>. After a dismal 2022, the token is up about 62% year-to-date.Last week, the token <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-9-month-high-credit-suisse-ubs-bank-crisis-2023-3">hit a nine-month high and neared $30,000</a> as Credit Suisse's takeover by UBS failed to ease fears about the global banking system.Cryptocurrencies across the board are notching gains. Ethereum is up about 42% year-to-date, and Solana is up about 51% in 2023.Meanwhile, per the SEC filing, MicroStrategy also paid off the remaining principal on a $205 million loan from failed, crypto-friendly bank Silvergate, which shut down its operations earlier this month. The total MicroStrategy paid was $161 million. As part of the satisfaction of the loan, 34,619 bitcoins that were held as collateral were returned to Saylor's firm, the filing said. "MicroStrategy repaid its $205M Silvergate loan at a 22% discount," Saylor <a href="https://twitter.com/saylor/status/1640325496654143488" target="_blank" rel="noopener">tweeted</a> on Monday.

Michael Saylor's MicroStrategy snaps up another 6,455 bitcoin as token rallies, bringing its total holdings to $3.88 billion

Mumbai, May 7 () Micro enterprises, with borrowings of less than Rs 1 crore, are best placed to help the economy come out of the COVID-19 crisis, Small Industries Development Bank of India (Sidbi) and TransUnion CIBIL said on Thursday. In a joint report, the two entities said leverage ratios and non-performing assets (NPAs) of micro enterprises are the lowest in the commercial segment. They also did an impact analysis on the sector's response to two of the biggest business shocks in recent times -- drying up of NBFC credit following the IL&amp;FS crisis, and GST implementation. As per the report, micro enterprises have been classified as those with borrowings of less than Rs 1 crore. The economy has been severely impacted due to the COVID-19 pandemic but the government and policymakers are looking for segments that are in the best position to help revive the economic activity the quickest. "The micro segment can be the next growth driver for the economy and credit institutions must capitalise on this opportunity by identifying the micro segment entities that have stood strong through the past disruptions and fund them during these times," Sidbi Chairman and Managing Director Mohammad Mustafa said. From the NPA perspective, bad loans in the very small (under Rs 10 lakh exposure) segment stood at 11.3 per cent as of December 2019, as compared to stress of 17.3 per cent in the overall commercial lending segment, 18.7 per cent for the medium corporate segment and 19.1 per cent for the large corporate segment. In the report, both the entities analysed the response from a loan delinquency perspective after both the GST implementation and the drying up of financing by the non-bank lenders following the IL&amp;FS crisis to show that the NPA accretion by micro enterprises was low. In January 2020, 63 per cent of the active MSMEs (micro, small and medium enterprises) were in the structurally strong risk segment having a CIBIL MSME Rank (CMR) between 1 and 5, while 37 per cent MSMEs are in CMR 6 to 10, the report said, speaking of the current liquidity and leverage positions of the small businesses. "Structurally strong MSMEs are better positioned to survive the current pandemic situation and emerge stable. These MSMEs are the most eligible to receive financial assistance from credit institutions," Cibil Managing Director and Chief Executive Officer Rajesh Kumar said. In 2019, the micro segment received a total credit support of over Rs 92,000 crore from banks and other lenders, with businesses in Maharashtra getting the highest share of the loans, while the loan growth in Rajasthan was the fastest. It said the state-run lenders, which had ceded some share in the MSME lending, have gained market share in 2019, adding that public sector banks now account for 49 per cent of the MSME lending and over 59 per cent of the lending to the micro enterprises. The overall lending to commercial enterprises of all sizes increased by a tepid 3.9 per cent at Rs 64.04 lakh crore, it said. AA HRS

Micro enterprises best placed to help economy come out of COVID-19 crisis: Report

Citi just released a <a href="https://ir.citi.com/SEBhgbdvxes95HWZMmFbjGiU%2FydQ9kbvEbHIruHR%2Fle%2F2Wza4cRvOQUNX8GBWVsV">new GPS report</a> with insight on how technology is <a href="http://www.businessinsider.com/bank-layoffs-are-coming-2016-3">disrupting the finance industry</a>.But what are the biggest names in financial tech?Here's a list of the top 20 fintech "unicorns," or private companies valued at $1 billion or higher:<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Citi GPS" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/56fc4d7591058428008b9c48-960/screen shot 2016-03-30 at 5.56.55 pm.png"></a>Citi GPS</div></div></div>The top two companies, Ant Financial and Lufax, are based in China. Valuation-wise, their in a league of their own.Ant Financial, valued at $45-$50 billion, is Alibaba's online payments and finance affiliate.It targets "small and micro enterprises" as well as individual consumers, according to the report. It operates Alipay, which is the Chinese equivalent of Paypal, according to the report. It also operates:<ul><li>Alipay Wallet, a digital wallet for Alipay and other P2P payments</li><li>Yu'e Bao, China's largest money market</li><li>Zhao Cai Bao, a personal loan platform</li><li>Ant Micro Loan, a loan platform for small and medium enterprises</li><li>Sesame Credit, a credit ratings provider</li></ul>Ant Financial also owns a significant stake in India's largest digital wallet, PayTM, according to the report.Lufax offers various financial products, including wealth managementa and fund distribution, according to the report. It raised $1.2 billion at a $19 billion valuation in January. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-billionaires-real-estate-trick-sell-their-penthouses-faster-for-more-money-2016-3">The real estate trick billionaires use to sell their penthouses faster and for more money</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="VycG0yMjE69omwf5-yxWoSA5EDyVrymY" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Here's what you need to know about the top finance unicorns

<ul class="summary-list"><li><keyword id="12055629" type="UNKNOWN" weightage="60" keywordseo="microstrategy" source="Orion">MicroStrategy</keyword> bought another 4,167 <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> for roughly $190.5 million, bringing its total to about $6 billion.</li><li>The purchases took place between February 15 and April 4 for an average price of $45,714 per bitcoin. </li></ul><a href="https://markets.businessinsider.com/stocks/mstr-stock?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">MicroStrategy</a> recently bought 4,167 more bitcoin for about $190.5 million bringing its stockpile to 129,218 tokens worth more than $6 billion. The purchases took place between February 15 and April 4, according to a company <a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312522095632/d292215d8k.htm">statement</a> Tuesday, for an average price of $45,714 per bitcoin. The current price is just below $46,000.The latest acquisitions come amid <a href="https://markets.businessinsider.com/news/currencies/bitcoin-microstrategy-loan-205-million-buy-purchase-crypto-michael-saylor-2022-3">$205 million loan</a> that MicroStrategy got last month from <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> lender Silvergate Bank to buy more bitcoin. The three-year term loan is collateralized by about $820 million worth of bitcoin. MicroStrategy CEO <keyword id="11939144" type="UNKNOWN" weightage="60" keywordseo="michael-saylor" source="Orion">Michael Saylor</keyword> has long been bullish on bitcoin and has no plans on selling. He recently called <a href="https://markets.businessinsider.com/news/currencies/michael-saylor-crypto-bull-bitcoin-only-scarcity-snubs-gold-commodities-2022-3">bitcoin the only scarcity in the world</a>, beating out gold, real estate, and "everything else" that can be created.He views bitcoin as "magical" because only <a href="https://www.businessinsider.com/bitcoin-creators-30-billion-destabilize-crypto-market-coinbase-risks-2021-2?utm_medium=ingest&amp;utm_source=markets">21 million</a> tokens can ever be created, unlike other assets that can be created indefinitely. MicroStrategy, an enterprise software developer, is among <a href="https://markets.businessinsider.com/news/currencies/bitcoin-outlook-3-risks-companies-take-adding-to-balance-sheet-2022-2?utm_medium=ingest&amp;utm_source=markets">several companies</a> adding bitcoin to their balance sheets.

Michael Saylor's MicroStrategy snaps up $190 million of bitcoin, lifting its stockpile to $6 billion

Mumbai, Feb 26 () Microfinance industry growth slowed to 24.22 per cent year-on-year in the third quarter of the current fiscal with total loan portfolio standing at Rs 2.11 lakh crore, says a report. As on December 31, 2019, the industry served 5.64 crore unique borrowers through 10.11 crore loan accounts with operations in 619 districts in 36 states and union territories, according to a quarterly report released by Microfinance Institutions Network (MFIN). "The industry has reached 30 per cent of the potential households in the country that need microfinance. There is hence immense scope for growth and expansion," MFIN chief executive officer Harsh Shrivastava said in the report. Banks hold the largest share of portfolio in micro-credit with total loan outstanding of Rs 83,876 crore, of the total micro-credit universe mainly due to merger of Bharat Financial Inclusion (BFIL) with Induslnd Bank during the first quarter of FY2019-20. Non-banking financial company - microfinance institutions (NBFC-MFIs) are the second largest provider of micro-credit with a loan amount outstanding of Rs 66,159 crore. Small finance banks (SFBs) have a total loan amount outstanding of Rs 37,282 crore, NBFCs with total loan outstanding of Rs 21,591 crore and other MFIs account for Rs 2,395 crore in the microfinance universe. Based on the third quarter data available for 48 NBFC-MFI members, loan amount disbursed via cashless mode stood at 90 per cent. Close to 80 per cent of the MFI members reported more than 90 per cent loan disbursements through cashless mode, according to the findings. In terms of regional distribution of portfolio (GLP), East and North-east accounts for 40 per cent, South accounts for 28 per cent, North holds 10 per cent, West has a share of 14 per cent and Central contributes 8 per cent. During October-December, NBFC-MFIs received a total of Rs 10,960 crore in debt funding, which was an increase of 16 per cent from the second quarter of FY2019-20, the report showed. Total equity grew by 8 per cent during the same period and stood at Rs 15,567 crore, it said. HV MRMR

You Searched For "micro loans" and got 13 results

MicroStrategy has borrowed $205 million to buy more bitcoin as CEO Michael Saylor remains committed to the cryptocurrency

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MicroStrategy falls 24% as bitcoin inches closer to its margin call level of $21,000

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MicroStrategy extends week-long decline to 53% as bitcoin dips below its average price paid of $30,700

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After conquering the smartphone space, Xiaomi now wants to enter India’s fintech industry

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Lockdown: Bandhan Bank sees no problem in loan repayments

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Microstrategy said it would face a margin call and be forced to sell some of its crypto if bitcoin falls to $21,000

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MicroStrategy plunges 29% after bitcoin meltdown pushes crypto market cap below $1 trillion

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MicroStrategy CEO Michael Saylor says there's no margin call on its bitcoin loan and it has plenty of collateral

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Michael Saylor's MicroStrategy snaps up another 6,455 bitcoin as token rallies, bringing its total holdings to $3.88 billion

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Micro enterprises best placed to help economy come out of COVID-19 crisis: Report

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Here's what you need to know about the top finance unicorns

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Michael Saylor's MicroStrategy snaps up $190 million of bitcoin, lifting its stockpile to $6 billion

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Microfinance industry growth slows to 24.22 pc in Q3

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