MacroStrategy (a subsidiary of MicroStrategy) received a $205 million term loan from cryptocurrency bank Silvergate Bank.
According to regulatory filings, the loan was backed by about $820 million in bitcoins.
“The SEN Leverage loan gives us the opportunity to strengthen our position as the leading public investor in bitcoin. By using the loan capital, we have effectively turned our bitcoins into productive collateral that allows us to further execute our business strategy,” said MicroStrategy CEO Michael Saylor.
Holpop News
Holpop News
MicroStrategy received a $205 million secured loan from Silvergate Bank to buy bitcoins
posted on March 29, 2022 by holpop in Blockchain
