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MicroStrategy Repays Silvergate Loan and Buys More Bitcoin

1 min read
Source: Cointelegraph
MicroStrategy Repays Silvergate Loan and Buys More Bitcoin
Photo: Cointelegraph
TL;DR

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.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#investment#michael-saylor#microstrategy#silvergate
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  1. Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC  Cointelegraph
  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. MicroStrategy Pays Off Bitcoin-Backed Loan From Silvergate  Bloomberg
  5. MicroStrategy pays off Silvergate loan, adds more bitcoin, sells more stock (NASDAQ:MSTR)  Seeking Alpha

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