Coinbase Will Lay Off Around 1,100 Employees

http://bitcoinmagazine.com/.image/c_limit,cs_srgb,h_1200,q_auto:good,w_1200/MTkwMTk1OTY4MTYxODgzODA2/image.pngMichael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan. Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.” MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and […]