MicroStrategy Takes on $205 Million USD Collateral Loan to Purchase More Bitcoin – Hypebeast

Billionaire Michael Saylor is doubling down on his commitment to Bitcoin with his latest move.

Forbes reports that earlier this week, the firm entered into an agreement with crypto-focused lender Silvergate Bank to use the cryptocurrency as collateral.

The company only began buying crypto in August 2020 and is now said to hold approximately 125,051 bitcoins, surmounting a value of $3.8 billion USD.

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