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MicroStrategy Settles Silvergate Debt and Acquires Additional Bitcoin

MicroStrategy (MSTR), a prominent software firm co-founded by cryptocurrency proponent Michael Saylor, has paid off its $205 million loan from the struggling Silvergate Bank and expanded its bitcoin (BTC) holdings, as reported in a recent U.S. Securities and Exchange Commission filing.

Loan Payoff Details

The loan’s remaining principal was prepaid last Friday, amounting to $160 million. As a result, 34,619 bitcoins used as collateral were recovered by MicroStrategy. The company had initially acquired the loan in March last year.

New Bitcoin Acquisition

Over the past five weeks, MicroStrategy revealed that it purchased an additional 6,455 Bitcoins, valued at approximately $150 million (around $23,238 per coin). This acquisition raises the company’s BTC holdings to 138,955, bought at an average price of $29,817 each and currently worth an estimated $3.88 billion based on the prevailing Bitcoin price of $27,900.

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Funding Loan Repayment

MicroStrategy also stated that it has generated $339.4 million this year by selling its shares. The proceeds were used to repay the Silvergate loan. Following this announcement, MicroStrategy’s shares experienced a 0.9% premarket increase.


By settling the outstanding Silvergate Bank loan and augmenting its bitcoin holdings, MicroStrategy continues to demonstrate its commitment to cryptocurrency investment. With its increased bitcoin assets, the company remains a key player in the digital currency market.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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