MicroStrategy Won’t Buy Bitcoin This Time! Here’s Why

bitcoin MicroStrategy, which is frequently on the agenda with its purchases, has been silent for a long time. by Michael Saylor After leaving the CEO bitcoin The company, which partially suspended its purchases, made its last purchase on December 27, 2022.

With the last acquisition of the company bitcoin It has a total of 132,500 BTC at an average price of $30,397 per head.

Still at a loss based on its average cost on MicroStrategy new news has come.

filing a notice to the SEC MicroStrategy He made a statement about how he will use the last income he has earned.

An agreement was signed between MicroStrategy and insurance company Cowen and Company in September 2022 to sell $500 million worth of stock. MicroStrategy said in its SEC statement that it has since raised $46.6 million through the sale of shares.

Making a statement on the use of this income, the company stated that it could make an interim payment for the $205 million loan it received from Silvergate Bank. The company used this loan on a variable rate basis. The cost of the loan increased as the Fed increased interest rates. For this reason, it was stated that the said interim payment could be made in March 2023.

The company continues to grow with the income it has previously earned from share sales. bitcoin had received. However, it seems that he will prefer to close his loan for now.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!


source site-4