MicroStrategy repays its $205 million Silvergate loan at a 22% discount
ChainCatcher news, Microstrategy co-founder Michael Saylor tweeted that MicroStrategy repaid its $205 million Silvergate loan at a 22% discount. The company borrowed $205 million from Silvergate Bank last March. As part of the loan repayment, 34,619 Bitcoins held as collateral were returned to MicroStrategy for safekeeping.
As of March 23, 2023, MicroStrategy, along with its subsidiaries, holds approximately 138,955 Bitcoins, with a total acquisition cost of about $4.14 billion and an average purchase price of approximately $29,817. (source link)
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