MicroStrategy borrowed $205 million to buy Bitcoin

30.03.2022 15:52
by Artem Ustinov
1 min read

MicroStrategy borrowed $205 million to buy Bitcoin

A division of MicroStrategy, MacroStrategy, received a $205 million loan secured by its own crypto assets. The loan was issued by the American bank Silvergate in order to buy bitcoin.

CEO Michael Saylor is confident that the loan will give MicroStrategy the opportunity to strengthen its investment leadership in Bitcoin.

MacroStrategy is one of the few companies that provides crypto assets as collateral.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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