MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC

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MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC

   Bitcoin Bitcoin News Investing MicroStrategy    March 29, 2022  |  0

 
MicroStrategy, the US-based enterprise software firm led by Bitcoin (BTC) bull Michael Saylor, has taken a bitcoin-secured loan of USD 250m from Silvergate Bank, with the company planning to use the money to buy even more BTC.
The loan, issued as an interest-only term loan by Silvergate Bank is “secured by certain bitcoin held in MacroStrategy’s collateral account,” an announcement from the firm said.
MacroStrategy is a subsidiary of MicroStrategy….
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