MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC

MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC.  The business intelligence company, founded by […]

MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]

MicroStrategy buys another $56.4 million worth of Bitcoin

MicroStrategy reportedly bought approximately 2,500 BTC between 1 November and 24 December, 2022. The company now holds 132,500 BTC acquired for approximately $4.03 billion. MicroStrategy did however sell 704 BTC for $11.8 million on 22 December for what it termed as tax benefits. MicroStrategy, a publicly traded company that’s the world’s largest corporate holder of […]