MicroStrategy Nears Bitcoin Holdings to 130,000 with Another Purchase
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MicroStrategy now hodls 129,218 BTC (EXANTE: Bitcoin) as the company's arm, MacroStrategy, made another purchase of 4,167 BTC for ~$190.5 million, MicroStrategy CEO, Michael Saylor, wrote in a tweet. The average purchase price of the latest deal was $45,714 per BTC and the total holdings have been acquired for ~$3.97 billion at an average price of ~$30,700 per BTC.

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The move comes just a few days after MacroStrategy received a $205 million loan from Silvergate Bank to buy additional bitcoins. The company said the deal was secured by "certain bitcoin" held in MacroStrategy's collateral account. MicroStrategy CEO Michael Saylor added that with the capital from the loan, the company has turned its bitcoin into "productive collateral."

MicroStrategy Will Continue Buying Bitcoin in 2022

Meanwhile, Saylor does not believe the financial market is ready for bitcoin-backed bonds. In a recent interview with Bloomberg, the MicroStrategy CEO said that besides a loan from Silvergate Bank, the next best idea was a "term loan from a major bank."

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