MacroStrategy Takes $205 Million Loan To Buy Bitcoin

TechnoPixel — 3 years ago

30 sec reading time

Michael Saylor announced that MicroStrategy's subsidiary MacroStrategy has received a $205 million loan to purchase Bitcoin. You can follow us on our Twitter and Telegram channel to be instantly informed about the last minute developments.

READING NOW MacroStrategy Takes $205 Million Loan To Buy Bitcoin

Michael Saylor announced that MicroStratregy’s subsidiary MacroStrategy has received a $205 million loan to purchase Bitcoin.

https://twitter.com/saylor/status/1508784757894795265

Microstrategy CEO Michael Saylor continues his Bitcoin moves. Saylor announced on his Twitter account today that the company’s subsidiary MacroStrategy has received a $205 million loan to continue its Bitcoin purchases. The loan, secured by MacroStrategy’s Bitcoin assets, was obtained from Silvergate Bank. The company will use this fund to purchase Bitcoin and pay for fees, interest and all expenses associated with that purchase.

As it is known, Saylor is constantly looking for new ways to increase the Bitcoin holdings of the company. The company currently has $4.8 billion worth of Bitcoin.

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