A Securities and Exchange Commission filing shows that software company Microstrategy has paid off a loan to Silvergate at a 22% discount
Macrostrategy, which is a wholly-owned subsidiary of software firm Microstrategy, has paid off a $205 million loan to Silvergate Bank, according to a U.S. Securities and Exchange Commission filing created on March 24 and made accessible on Monday.
The loan was voluntarily paid off with a 22% discount after the crypto bank filed for liquidation earlier this year, according to the filing. After the discount, the firm paid $161 million before the March 2025 expiration of the loan term. According to the filing, the loan was collateralized by bitcoin BTCUSD held by MacroStrategy and $1.5 million in cash the firm held at Silvergate Bank.
The filing also highlights that between Feb. 16 and March 23, 2023, Microstrategy bought 6,455 bitcoin for approximately $150 million in cash, at an average price of $23,238 per token. As of March 23, the company held approximately 138,955 bitcoins, which is approximately $4.14 billion worth of bitcoin, according to the filing.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
MicroStrategy buys $150 million of bitcoin, prepays Silvergate loanMichael Saylor's company also outlined a share sale in a regulatory filing announcing the various corporate housekeeping items.
Leer más »
MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin.saylor's MicroStrategy added to its bitcoin holdings with the purchase of nearly 6,500 coins over the past few weeks. The company also paid off the remainder of its Silvergate loan. $MSTR SteveAlpher reports
Leer más »
MicroStrategy Buys $150 Million Worth of Bitcoin (BTC), Expanding Holdings.MicroStrategy acquires 6,455 more bitcoins for $150M, continuing its investment strategy in the largest digital asset despite past losses. Will the gamble pay off? MicroStrategy Bitcoin
Leer más »
Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTCMichael Saylor’s MicroStrategy has resumed Bitcoin purchases, buying additional 6,455 BTC at an average price of $23,238 per coin.
Leer más »
AI Company With Zero Revenue Raises $150 MillionA 16-month-old AI chatbot startup called Character.ai just reached a $1 billion market cap — despite having yet to generate any revenue.
Leer más »
Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC – Featured Bitcoin NewsMicrostrategy has purchased 6,455 more bitcoins for $150 million. The company now holds 138,955 $BTC. crypto cryptocurrency
Leer más »