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

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MicroStrategy, a enterprise intelligence agency and a significant Bitcoin (BTC) investor, is buying extra BTC amid the latest cryptocurrency market restoration.

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

Citing a type 8-Ok submitting with the USA Securities and Change Fee, Saylor harassed that MicroStrategy repaid the Silvergate mortgage at a 22% low cost.

The corporate has additionally acquired a major stash of Bitcoin, buying 6,455 BTC for $150 million, or at a mean value of $23,238 per coin as of March 23, the previous CEO stated. With the acquisition, MicroStrategy has elevated its complete Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at a mean of $29,817 per coin, Saylor stated.

This can be a creating story, and additional info will probably be added because it turns into obtainable.