September 27, 2022

MicroStrategy Raises $205M in Debt Funding to Buy Bitcoin

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A division of MicroStrategy, MacroStrategy, 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 that provides crypto assets as collateral. For this type of loans, the bank has a special SEN Leverage program, the total amount of liabilities for which has already exceeded $570 million.

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

The last time the company invested in the first cryptocurrency was in February, when the amount of investments was $25 million.

Earlier, MicroStrategy CFO Phong Le said that the company will continue to buy bitcoin, despite the situation in the cryptocurrency market.

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