MicroStrategy Repays Silvergate Loan and Buys More Bitcoin
TL;DR Summary
MicroStrategy has repaid its $205 million loan to Silvergate at a 22% discount and purchased 6,455 BTC for $150 million, increasing its total Bitcoin holdings to 138,955 BTC, bought for $4.1 billion at an average of $29,817 per coin. The latest acquisition is the first such transaction so far in 2023. MicroStrategy also entered into an agreement with two companies to sell its aggregated class A common stock worth $500 million.
- Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC Cointelegraph
- Why Bitcoin- And Ethereum-Related Stock Silvergate Is Up 30% - Silvergate Capital (NYSE:SI) Benzinga
- MicroStrategy Repays Silvergate Loan, Spends $150M Buying More Bitcoin Decrypt
- MicroStrategy Pays Off Bitcoin-Backed Loan From Silvergate Bloomberg
- MicroStrategy pays off Silvergate loan, adds more bitcoin, sells more stock (NASDAQ:MSTR) Seeking Alpha
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