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

MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate.

Citing a form 8-K filing with the United States Securities and Exchange Commission, Saylor stressed that MicroStrategy repaid the Silvergate loan at a 22% discount. The company has also acquired a significant stash of Bitcoin, purchasing 6,455 BTC for $150 million, or at an average price of $23,238 per coin as of March 23, the former CEO said. With the purchase, MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, bought for $4.1 billion at an average of $29,817 per coin, Saylor said.

I also actively buy bitcoin in ownr

Mr. Saylor paid back the defunct Silvergate bank back at a 22% discount at that. Then turned around and bought more btc. If you don’t think he is a beast then I don’t know what is.

.MicroStrategy repaid its $205M loan to Silvergate and bought 6.5K more BTC for $150M, increasing its total holdings to 138,955 $BTC.

You have a typo in the article saying they bought Btc in December 2023. Should be 2022

So then time to dump BTC 😅

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