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

MicroStrategy, a enterprise intelligence agency and a serious Bitcoin (BTC) investor, is buying extra BTC amid the current 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-Okay submitting with the US Securities and Trade Fee, Saylor careworn that MicroStrategy repaid the Silvergate mortgage at a 22% low cost.

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

MicroStrategy repaid its $205M Silvergate mortgage at a 22% low cost. As of three/23/23, $MSTR acquired a further ~6,455 bitcoins for ~$150M at a median of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at a median of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt

— Michael Saylor⚡️ (@saylor) March 27, 2023

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