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MicroStrategy Pays Off Silvergate Loan and Increases Bitcoin Holdings

1 min read
Source: Seeking Alpha
MicroStrategy Pays Off Silvergate Loan and Increases Bitcoin Holdings
Photo: Seeking Alpha
TL;DR Summary

MicroStrategy paid off a $205M loan two years early to Silvergate Capital, releasing 34,619 bitcoins held as collateral. The company also acquired more than 6,000 bitcoin since mid-February and raised more than $300M from the sale of its shares. MicroStrategy now holds a total of 138,955 bitcoins, acquired at an aggregate purchase price of ~$4.14B.

Topics:business#bitcoin#cryptocurrency#loan#microstrategy#share-sale#silvergate-capital
Share this article
  1. MicroStrategy pays off Silvergate loan, adds more bitcoin, sells more stock (NASDAQ:MSTR)  Seeking Alpha
  2. Why Bitcoin- And Ethereum-Related Stock Silvergate Is Up 30% - Silvergate Capital (NYSE:SI)  Benzinga
  3. MicroStrategy Repays Silvergate Loan, Spends $150M Buying More Bitcoin  Decrypt
  4. Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC  Cointelegraph
  5. MicroStrategy Pays Off Bitcoin-Backed Loan From Silvergate  Bloomberg

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