- MicroStrategy acquired 6,455 Bitcoins between Feb 16, 2023, and March 23, 2023.
- The firm has around 138,955 BTC (almost $4.14 billion in value) by March 23, 2023.
Based on the newest SEC filings by MicroStrategy, has elevated its Bitcoin holdings. This accumulation, however, happened when three cryptocurrency-friendly banks within the U . s . States went bankrupt inside a week of one another.
Based on the reports, MicroStrategy acquired 6,455 Bitcoins between Feb 16, 2023, and March 23, 2023. The quantity was near to $150 million in cash. An average cost of $23,238 per Bitcoin was compensated.
MicroStrategy has around 138,955 Bitcoin (almost $4.14 billion in value) by March 23, 2023, the report stated. The organization has acquired Bitcoins in an average cost of $29,817 each.
As a result of this news that MicroStrategy had acquired Bitcoin, Binance Chief executive officer Changpeng Zhao (CZ) tweeted that even when a lot of people were panic-selling, there’ll always be someone prepared to purchase.
Paid back Silvergate Financial Loan
Based on the filing, on March 23, 2022, MicroStrategy and Silvergate Bank joined right into a credit and Security Agreement. The now-defunct Silvergate Bank granted a $205 million term loan in compliance using the the arrangement. By March 24, 2023, there have been roughly 34,619 Bitcoins held as collateral for that loan.
MicroStrategy, however, and Silvergate joined right into a Prepayment agreement, with the organization having to pay back the loan’s full balance of roughly $161 million.
The information reveal that the cost of bitcoin was around $24,945 on Feb 16th. Next, BTC saw a cost drop close to $19K. On March 10, 2023, however, Bitcoin’s cost started to skyrocket. The cost of bitcoin arrived at roughly $28,631 on March 23, 2023.
