CoinGape 2022-03-29 13:51:04

Breaking: Michael Saylor’s MicroStrategy Borrows $205 Mln To Buy More Bitcoin

MicroStrategy said on Tuesday it had borrowed $205 million from crypto bank Silvergate Capital to purchase more Bitcoin (BTC). The loan will be backed by some of MicroStrategy’s BTC holdings as collateral. The move comes amid an ongoing rally in BTC, which has seen the world’s largest cryptocurrency soar to 2022 highs of over $48,000. The post Breaking: Michael Saylor’s MicroStrategy Borrows $205 Mln To Buy More Bitcoin appeared first on CoinGape.

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