MicroStrategy Raises $205M in Debt Funding to Buy Bitcoin

MicroStrategy’s MacroStrategy division 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 providing crypto assets as collateral. For this type of loans, the bank has a special program SEN Leverage, the total amount of obligations under which has already exceeded 570 million dollars.

“The SEN Leveraged Loan provides an opportunity to strengthen our leadership position among public companies investing in bitcoin,” said Michael Saylor, CEO of MicroStrategy.

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

The company last invested in the first cryptocurrency in February – the amount of investments was then $25 million.

Previously, MicroStrategy CFO Fong Le said that the company will continue to buy bitcoins, despite the situation in the cryptocurrency market.

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