MicroStrategy Attracts $205 Million in Debt Funding to Purchase More Bitcoins

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MacroStrategy, a division of MicroStrategy, has received a $205 million loan secured by its own crypto assets, according to the press release published by the company.

The loan has been issued by the American bank Silvergate and will be used to buy more Bitcoins.

MacroStrategy is not the only company that provides crypto assets as collateral. For this type of loans, the bank has a special SEN Leverage program, whose total amount of liabilities has already exceeded $570 million.

MicroStrategy CEO Michael Saylor has said:

“The SEN Leverage loan provides an opportunity to strengthen our position as a leader among public companies investing in bitcoin.”

According to the Bitcoin Treasuries website, MicroStrategy owns 125,051 BTC which are currently worth almost $6 billion.