The MicroStrategy subsidiary, MacroStrategy, has secured a $205 million loan collateralised by its own crypto assets. The information is contained in the official press release.
The loan was extended by the American bank Silvergate. The loan’s purpose is to purchase Bitcoin.
MacroStrategy is not the only company using crypto assets as collateral. For such loans, the bank operates a dedicated program SEN Leverage, the total commitments under which have already exceeded $570 million.
“The SEN Leverage loan gives us the opportunity to strengthen our position as a leader among public companies investing in Bitcoin,” said MicroStrategy CEO Michael Saylor.
According to the site Bitcoin Treasuries, MicroStrategy owns 125,051 BTC with a total value of almost $6 billion.
Most recently, the company invested in Bitcoin in February — the amount invested was $25 million.
Earlier, MicroStrategy CFO Phong Le stated that the company would continue to buy Bitcoin, despite market conditions in the crypto space.
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