.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
. In addition, the company purchased another 6,455 bitcoin for roughly $150 million over the past five weeks.
The loan payoff was made last Friday and totaled $161 million. As part of the satisfaction of the loan, 34,619 bitcoin held as collateral for the paper were returned to MicroStrategy's custody. The Silvergate loan was taken out in March 2022 with an original loan balance of $205 million. The acquisition of another 6,455 bitcoin brings MicroStrategy's holdings up to 138,955 bitcoin purchased at an average price of $29,817 each, and worth roughly $3.88 billion at the current bitcoin price of $27,900.
MicroStrategy also disclosed the raising of $339.4 million this year via its at-the-market share sale program, the proceeds of which fully funded the loan payoff.
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