MicroStrategy repays its $205 million Silvergate loan at a 22% discount

2023-03-27 21:51:03BlockBeatsShare to:

BlockBeats news, on March 27, Microstrategy co-founder Michael Saylor posted on social platforms that MicroStrategy repaid its $205 million Silvergate loan at a 22% discount. The company borrowed $205 million from Silvergate Bank in March last year. As part of the repayment of the loan, 34,619 bitcoins held as collateral were returned to MicroStrategy for safekeeping. As of March 23, 2023, MicroStrategy and its subsidiaries held a total of approximately 138,955 bitcoins, with a total purchase price of approximately US$4.14 billion and an average purchase price of approximately US$29,817.

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