#Launchpad #GPT-4 #Binance #btcsoaring #ExchangeWithKindness
"MicroStrategy Continues Bitcoin Buying Spree and Pays Off $161M Silvergate Loan"
MicroStrategy, led by CEO Michael Saylor, is doubling down on its commitment to Bitcoin with yet another major purchase of 6,455 BTC for $150 million. This comes on the heels of the company's recent payoff of its remaining $161 million loan from now-defunct Silvergate Bank. As part of the loan satisfaction, MicroStrategy also regained custody of 34,619 BTC that had been held as collateral. With this latest acquisition, MicroStrategy's total BTC holdings now stand at 138,955, worth around $3.88 billion at current Bitcoin prices.
In addition to its Bitcoin purchases, MicroStrategy also revealed raising $339.4 million this year through its at-the-market share sale program, which fully funded the loan payoff. The move signals MicroStrategy's unwavering commitment to Bitcoin, as the company continues to add to its already substantial BTC holdings and explore innovative ways to leverage the leading cryptocurrency.