MicroStrategy Repays Silvergate Loan, Purchases 6,455 BTC


  • MicroStrategy CEO Michael Saylor Announced that the company had returned the $205million loan at 22% discount
  • The The firm also bought 6,455 Bitcoins worth $150 Million.
  • Saylor’s business currently holds more than 138,900 bitcoins.

MicroStrategy, the world’s largest corporate Bitcoin holderIt recently added more BTC, according to a recent statement. 

The BI company headed by Bitcoin Bull Michael SaylorThe announcement was also made on Monday It had repaid its debt to the crypto-friendly bank Silvergate Bank.

MicroStrategy Repaid $250 million and Purchased 6,455 BTC

Saylor, referencing his company’s recent SEC filing, said that MicroStrategy has now fully paid back the $205 million loan it borrowed from Silvergate in March 2023. The The firm claimed to have settled the principal loan amount with a 22% discount. Friday’s payoff seeing MicroStrategy clear the collateralized loan at $160 million.

As As a result, the company was able to recover its 34,619 BTC, which had been pledged as collateral.

MicroStrategy also confirmed that it had acquired 6,455 Bitcoins for a total value of $150 million at an average price of $23,238 per token. Saylor’s bitcoin strategy now includes a total Bitcoin haul of 138,955 BTC since the company’s first move in 2020. 

So The total BTC holdings were obtained at a cost $4.1 billion. Each bitcoin was bought at an average price of $29 817.

Bitcoin MicroStrategy shares closed at $27,809 on Tuesday. Friday At 9.10 AM ET, they were 0.07% lower than the US market opening. Monday.

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