MicroStrategy subsidiary borrowed $205 million to buy bitcoins
The funds on the security of the company’s cryptocurrency were provided by Silvergate Bank
30.03.2022 - 08:45
615
1 min
0
What’s new? MacroStrategy, a subsidiary of MicroStrategy, has entered into an agreement with Silvergate Bank for a $205 million loan. All of the funds will go towards the purchase of bitcoins. MicroStrategy announced this in a press release published on the website.
The full version of the press release
What else is known about the deal? The funding is secured by bitcoins held on MacroStrategy’s balance sheet. The loans of this type are part of Silvergate Bank’s special program called SEN Leverage. Under the program, loans of $570,5 million had been issued by March 2022.
Silvergate Capital Corporation is a leading provider of innovative solutions and digital financial services for cryptocurrency companies. Microstrategy is a software developer and the largest bitcoin holder among public companies. As of March 30, 2022, MicroStrategy has 125 051 BTC worth $5,94 billion on its balance sheet.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 690
BTC
-1.92%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.1
XRP
-2.15%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.079075
DOGE
-3.49%
-
Zcash
$413.14
ZEC
-7.07%
-
Stellar XLM
$0.191849
XLM
-2.96%
-
Cardano
$0.152132
ADA
-4.39%
-
Polkadot
$3.32
DOT
+5.27%