MicroStrategy subsidiary obtains $205M loan from Silvergate to buy more Bitcoins
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With plans to add more Bitcoins to its balance sheet, business intelligence firm MicroStrategy’s subsidiary MacroStrategy has now acquired a loan of $205 million from Silvergate Bank, the banking…
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The loan was made under the Silvergate Exchange Network Leverage program, which had $570 million in commitments at the end of 2021 MicroStrategy last reported that it was holding 125,051 bitcoins,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…
MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin. MacroStrategy, subsidiary of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker
MacroStrategy Closes $205 Million Bitcoin Collateralized Loan with Silvergate Bank Silvergate Bank, which is a subsidiary of Silvergate Capital Corporation, is the reputed provider of innovative... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker