Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan to buy more $BTC. crypto cryptocurrency
Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.
“The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account with a custodian mutually authorized by Silvergate and Macrostrategy,” the company noted. SEN Leverage, launched in 2020, provides institutional-grade access to capital through U.S. dollar loans collateralized by bitcoin.
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