Microstrategy paid back a loan of USD 205 million and bought another 6,500 BTC

Microstrategy paid back a loan of USD 205 million and bought another 6,500 BTC

The world's largest company that holds Bitcoin has resumed its accumulation tour on the sidelines after three months.

In addition, the business intelligence giant founded by Michael Saylor has repaid its Bitcoin-assured loan to Silvegate with a significant discount.

• The company's former CEO went on Twitter on March 27 to announce the latest Bitcoin purchase from his company, which was completed on March 23. Microstrategy bought 6,455 BTC at an average price of $ 23,238, and the total purchase had a value of around $ 150 million
• This grew the company's total stock to 138,955 BTC, which was acquired for around $ 4.14 billion at an average price of $ 29,817 per BTC.
• With Bitcoin's latest price increase, the non-realized loss of the company has shrunk considerably, as it had a value of over $ 1 billion until recently.

Microstrategy has repaid its silver gate loan of USD 205 million with a discount of 22 %. Stand 23.03.23, $ 6.455 Bitcoins for ~ 150 million $ at an average price of ~ 23.238 $ per bitcoin #bitcoin & held ~ 138,955 BTC, which was acquired for ~ $ 4.14 billion to an average of ~ $ 29,817 per bitcoin. https://t.co/alp9vlctpt

- Michael Saylor⚡️ (@Saylor) 27. March 2023

• Apart from the first BTC purchase of the company this year, Microstrategy repaid its BTC-assured loan to the failed Silvergate Bank. The two sides gave their hands last year for a loan of $ 205 million, with which the software company accumulated more BTC.
• According to Saylors Tweet, Microstrategy paid back the loan with a discount of 22 %.

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