Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC

MicroStrategy, a concern quality steadfast and a large Bitcoin (BTC) investor, is acquiring much BTC amid the caller cryptocurrency marketplace recovery.

MicroStrategy co-founder and erstwhile CEO Michael Saylor took to Twitter connected March 27 to denote that the steadfast has repaid its $205 cardinal indebtedness to Silvergate.

Citing a signifier 8-K filing with the United States Securities and Exchange Commission, Saylor stressed that MicroStrategy repaid the Silvergate indebtedness astatine a 22% discount.

The institution has besides acquired a important stash of Bitcoin, purchasing 6,455 BTC for $150 million, oregon astatine an mean terms of $23,238 per coin arsenic of March 23, the erstwhile CEO said. With the purchase, MicroStrategy has accrued its full Bitcoins holdings to 138,955 BTC, bought for $4.1 cardinal astatine an mean of $29,817 per coin, Saylor said.

MicroStrategy repaid its $205M Silvergate indebtedness astatine a 22% discount. As of 3/23/23, $MSTR acquired an further ~6,455 bitcoins for ~$150M astatine an mean of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B astatine an mean of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.