2 years ago
MicroStrategy said it spent astir $150 cardinal to get 6,455 Bitcoin (BTC) betwixt February 16 and March 23, according to a March 27 SEC filing.
The pro-Bitcoin steadfast added that it prepaid the main of $161 cardinal connected its indebtedness from failed crypto-friendly slope Silvergate Bank.
According to the filing, the 34,619 BTC held arsenic collateral for the indebtedness has been released.
MicroStrategy had taken a $205 cardinal indebtedness from Silvergate successful March 2022. The indebtedness was collateralized with the firm’s BTC holdings and $5.0 cardinal currency reserve held astatine the failed bank.
More details to follow…
The station MicroStrategy acquires Bitcoin worthy $150M, makes repayment connected Silvergate loan appeared archetypal connected CryptoSlate.
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