MicroStrategy got a loan to buy cryptocurrency

MicroStrategy got a loan to buy cryptocurrency

MicroStrategy’s MicroStrategy division, MacroStrategy, has received a $205 million loan secured by its own crypto assets. This is stated in the official press release.

The loan was issued by the American bank Silvergate. The purpose of the loan is to buy Bitcoins.

MacroStrategy is not the only company that pledges crypto-assets as collateral. The bank has a special SEN Leverage program for this type of loan, with total commitments already exceeding $570 million.

“The SEN Leverage loan provides an opportunity to strengthen our position as a leader among public companies investing in Bitcoin”, MicroStrategy CEO Michael Saylor said.

According to the Bitcoin Treasuries website, MicroStrategy owns 125,051 BTC worth nearly $6 billion. 

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Written by Renat
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