{"id":19174,"date":"2023-03-27T14:10:26","date_gmt":"2023-03-27T14:10:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-repays-silvergate-bank-loan-buy-6455-btc\/"},"modified":"2023-03-27T14:10:26","modified_gmt":"2023-03-27T14:10:26","slug":"microstrategy-repays-silvergate-bank-loan-buy-6455-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-repays-silvergate-bank-loan-buy-6455-btc\/","title":{"rendered":"MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679923790996-e6502aea-4271-47d3-bca2-053cbc1ec63a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679923790996-e6502aea-4271-47d3-bca2-053cbc1ec63a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679923790996-e6502aea-4271-47d3-bca2-053cbc1ec63a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679923790996-e6502aea-4271-47d3-bca2-053cbc1ec63a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount.<\/li>\n<li dir=\"ltr\">The company also bought 6,455 bitcoins worth $150 million.<\/li>\n<li dir=\"ltr\">Saylor\u2019s company currently holds more than 138,900 bitcoins.<\/li>\n<\/ul>\n<p dir=\"ltr\">MicroStrategy, the world\u2019s largest corporate holder of <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a>, has revealed it recently purchased more BTC.\u00a0<\/p>\n<p dir=\"ltr\">The business intelligence company, founded by Bitcoin bull Michael Saylor, also announced on Monday that it had repaid the loan to the failed crypto-friendly bank Silvergate Bank.<\/p>\n<h2 dir=\"ltr\">MicroStrategy repays $250 million loan, buys 6,455 BTC<\/h2>\n<p dir=\"ltr\">Saylor, referencing his company\u2019s latest <a href=\"https:\/\/www.microstrategy.com\/en\/investor-relations\/financial-documents\/microstrategy-repaid-silvergate-loan-and-increased-bitcoin-holdings-by-6455-and-now-holds-138955-btc_3-27-2023\" rel=\"noopener noreferrer\" target=\"_blank\">SEC filing<\/a>, said that MicroStrategy has now fully repaid the $205 million loan it borrowed from Silvergate in March 2022. The company reportedly cleared the loan principal with a 22% discount, with Friday\u2019s payoff seeing MicroStrategy clear the collateralized loan at $160 million.<\/p>\n<p dir=\"ltr\">As a result, the company recouped its 34,619 BTC that had been pledged as collateral.<\/p>\n<p dir=\"ltr\">MicroStrategy also confirmed the purchase of 6,455 BTC, acquired for a total of $150 million and at an average $23,238 a coin. Saylor\u2019s bitcoin strategy now includes a total Bitcoin haul of 138,955 BTC since the company\u2019s first move in 2020.\u00a0<\/p>\n<p dir=\"ltr\">So far, the total BTC holdings have been acquired at a cost of $4.1 billion, with each bitcoin purchased at the average price of $29,817.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3\/23\/23, <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> &amp; held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. <a href=\"https:\/\/t.co\/ALp9VLkTpt\">https:\/\/t.co\/ALp9VLkTpt<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1640325496654143488?ref_src=twsrc%5Etfw\">March 27, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Bitcoin currently trades around $27,809 while MicroStrategy shares closed at $256.67 on Friday and were 0.07% down at 9.10 am ET ahead of US markets opening on Monday.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/microstrategy-buys-another-150-million-worth-of-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor\u2019s company currently holds more than 138,900 bitcoins. MicroStrategy, the world\u2019s largest corporate holder of Bitcoin, has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19174"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19174"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19175"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}