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MacroStrategy Closes $205 Million Bitcoin-Collateralized Loan From Silvergate Bank To Buy BTC

  • MacroStrategy, subsidiary of MicroStrategy, closed a $205 million bitcoin-collateralized mortgage from Silvergate Bank.
  • Through the Silvergate Exchange Network (SEN) Leverage program, the mortgage will probably be custodied by mutual-authorization between the 2 firms.
  • MicroStrategy presently holds 125,051 BTC, valued at $5,970,234,862 USD, and the SEN leverage program holds over $570 million in commitments for bitcoin-collateralized loans from establishments.

MacroStrategy LLC – subsidiary of commerce analytics and enterprise technique firm MicroStrategy which is well-known for their allocation to bitcoin – has not too long ago closed on a $205 million bitcoin-collateralized mortgage bought by the Silvergate Exchange Network (SEN) Leverage program operated by Silvergate Bank, per a press release from the 2 firms.

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