Warning: unlink(/tmp/jnewslibrary-WgFMnO.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC | Coinparative
Coinparative

  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀
No Result
View All Result
  • About Us
  • Contact
  • jeet-detector-bot
    JDB(JDB)
    $0.00-0.61%
  • bitcoin
    Bitcoin(BTC)
    $0.003.62%
  • ethereum
    Ethereum(ETH)
    $0.006.37%
  • usdex-stablecoin
    USDEX(USDEX)
    $0.00-0.53%
  • tether
    Tether(USDT)
    $0.00-0.01%
  • binancecoin
    BNB(BNB)
    $0.006.67%
  • usd-coin
    USD Coin(USDC)
    $0.000.020%
  • ripple
    XRP(XRP)
    $0.003.99%
  • binance-usd
    Binance USD(BUSD)
    $0.000.020%
  • cardano
    Cardano(ADA)
    $0.007.80%
  • dogecoin
    Dogecoin(DOGE)
    $0.003.86%
  • matic-network
    Polygon(MATIC)
    $0.0014.71%
  • okb
    OKB(OKB)
    $0.0011.85%
  • solana
    Solana(SOL)
    $0.0011.24%
  • staked-ether
    Lido Staked Ether(STETH)
    $0.006.38%
  • polkadot
    Polkadot(DOT)
    $0.0012.01%
  • shiba-inu
    Shiba Inu(SHIB)
    $0.0011.29%
  • litecoin
    Litecoin(LTC)
    $0.005.98%
  • avalanche-2
    Avalanche(AVAX)
    $0.0017.10%
  • tron
    TRON(TRX)
    $0.004.63%
View All
Coinparative
Home News

MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC

March 29, 2022
in News
250 2
A A
0
MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC
Share on FacebookShare on Twitter

MicroStrategy, the US-based enterprise software program agency led by Bitcoin (BTC) bull Michael Saylor, has taken a bitcoin-secured mortgage of USD 250m from Silvergate Financial institution, with the corporate planning to make use of the cash to purchase much more BTC.

The mortgage, issued as an interest-only time period mortgage by Silvergate Financial institution is “secured by sure bitcoin held in MacroStrategy’s collateral account,” an announcement from the agency stated.

MacroStrategy is a subsidiary of MicroStrategy.

The announcement added that the corporate will use the mortgage “(i) to buy bitcoins, (ii) to pay charges, curiosity, and bills associated to the mortgage transaction, or (iii) for MacroStrategy’s or MicroStrategy’s normal company functions.”

MicroStrategy’s new mortgage falls below Silvergate’s SEN Leverage scheme, which is a manner for establishments to get entry to US greenback loans utilizing bitcoin as collateral. Since launching the brand new sort of mortgage in 2020, Silvergate has lent out roughly USD 570m below the scheme, the announcement stated.

“The SEN Leverage mortgage offers us a possibility to additional our place because the main public firm investor in bitcoin,” Michael Saylor stated in a remark. He added that with capital from the mortgage, the corporate has “successfully turned our bitcoin into productive collateral, which permits us to additional execute towards our enterprise technique.”

California-based Silvergate Financial institution is named a crypto-friendly financial institution that already works with a number of stablecoin issuers. The financial institution’s partnerships have included Meta’s Diem stablecoin, which Silvergate bought after Meta deserted the venture.
____
 
– MicroStrategy Begins 2022 by Spending USD 25M on Bitcoin
– Bitcoin is Digital Property, Ethereum is Digital Safety – Argues Michael Saylor

– MicroStrategy is Solely HODLing Bitcoin, Says the CEO
– Bitcoin Mining Vitality Use ‘Inconsequential,’ ‘Quickly Changing into Extra Environment friendly’ – Saylor

Source: Crypto News

Share196Tweet123Share34Pin44ShareSend

Related Articles

Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock
News

Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock

February 2, 2023
1.4k
Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool
News

Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool

February 2, 2023
1.4k
Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump
News

Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump

February 2, 2023
1.4k
World Champ Boxer Savannah Marshall Partners With Fight Out Move-to-Earn Platform That’s Raised Nearly $4 Million
News

World Champ Boxer Savannah Marshall Partners With Fight Out Move-to-Earn Platform That’s Raised Nearly $4 Million

February 2, 2023
1.4k
Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live
News

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

February 2, 2023
1.4k
Bitfinex sends $8.5M in crypto to Alameda’s wallet in last 24 hours
Blockchain News

Bitfinex sends $8.5M in crypto to Alameda’s wallet in last 24 hours

February 2, 2023
1.4k
Load More

Discussion about this post

Coinparative

2022 © All Rights Reserved.

Coinparative specializes in the digital News and research on cryptocurrency, Digital Assets and Blockchain

  • Advertise
  • Privacy Policy
  • Terms
  • About Us
  • Contact

Follow Us

No Result
View All Result
  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀

2022 © All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Warning: unlink(/tmp/jnewsfirstload-4xrCWx.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142