Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community. He knows everything there is to know about selling Bitcoin, and the current cycle we’re in. He’ll go over BTC, and we’ll learn why he thinks Bitcoin is the greatest asset in human history.
MicroStrategy CEO Michael Saylor speaks about the company’s latest bitcoin purchase, potential U.S. regulation and more.
MicroStrategy is continuing to build holdings in bitcoin, with a unit of the enterprise software company taking out a $205 million loan to buy more of the digital currency.
The subsidiary reached an agreement for a term loan with Silvergate Bank, a crypto lender run by Silvergate Capital, MicroStrategy said Tuesday. The loan marked the first time the company has borrowed to make bitcoin purchases.
The loan was collateralized with $820 million in bitcoin and it will mature in March 2025, according to a Securities and Exchange Commission filing.
“Using the capital from the loan, we’ve effectively turned our bitcoin into productive collateral, which allows us to further execute against our business strategy,” MicroStrategy CEO Michael Saylor said in Tuesday’s statement.
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