MacroStrategy looks to purchase Bitcoin after securing $205M loan from Silvergate bank
MacroStrategy a subsidiary of MicroStrategy has announced that it will purchase Bitcoin following a multimillion-dollar BTC-collateralized loan from Silvergate Bank. The loan will also be used to handle general corporate expenses and pay interest related to the loan. Silvergate offered a $205 million loan “secured by certain Bitcoin stored in MacroStrategy’s collateral account,” according to […]
MicroStrategy’s stash now worth $7B after last quarter’s 9000 BTC addition
In Q3, MicroStrategy added about 9,000 Bitcoin to its portfolio, bringing its total BTC holdings to around $7 billion. In its Q3 report on Oct. 28, the company highlighted the purchase of 8,957 BTC , with perma-bull CEO Michael Saylor predicting that there will be more BTC accumulation to come: “Today, MicroStrategy is the world’s […]
MicroStrategy increases its Bitcoin holding with an additional $240M purchase
MicroStrategy, a business intelligence firm and corporate Bitcoin (BTC) whale, has boosted its BTC holding as revealed on Monday, its Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 bitcoins for $242.9 million, or $48,099 per coin on average. MicroStrategy stated […]
MicroStrategy increases its Bitcoin holdings by a $177M investment
MicroStrategy has added 3,907 Bitcoin and now holds almost 110, 000 Bitcoin. The firm’s holdings are worth more than $5.3 billion at the current BTC price. The business intelligence firm increased its Bitcoin holdings by 3,907 BTC between July 1 and Monday, Aug. 23, according to a Form 8-K filing with the US Securities and […]
MicroStrategy and Bitcoin mining stocks rise, as the price of Bitcoin rises
In the last three months, the value of MARA, RIOT, MicroStrategy (MSTR), and other publicly traded Bitcoin-related companies has roughly tripled. The price of Bitcoin (BTC) has risen to a three-month high of $46,293 as bulls confirmed their intention to seize complete control of the market. While crypto traders may be back in the black […]