• About Us
  • Contact Us
  • Today Headline
  • Write for us
Today Headline
No Result
View All Result
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
No Result
View All Result
TodayHeadline
No Result
View All Result

MicroStrategy to borrow against its bitcoin holdings to buy more of the cryptocurrency

March 29, 2022
in Parenting
Reading Time: 1 min read
1648566995 social – TodayHeadline


MicroStrategy has been conducting a strategy for some time of using its data analytics business to fund the purchase of bitcoin.

Now it’s taking that strategy one step further — it’s borrowing, against its holdings of bitcoin, to buy more of the cryptocurrency. “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,” said Chairman and CEO Michael Saylor in a statement.

MicroStrategy
MSTR,
+0.28%
said it’s agreed a $205 million term loan from Silvergate Capital
SI,
+3.75%
to buy more bitcoin.

Terms of the loan, via the Securities and Exchange Commission, show that MicroStrategy is putting up $820 million of bitcoin collateral. MicroStrategy is paying a floating rate plus 3.70%.

At the end of 2021, Microstrategy held nearly 125,000 bitcoin at a cost of $3.8 billion, or $30,548 each. Bitcoin
BTCUSD,
-0.09%
on Tuesday traded north of $47,000.

Silvergate said as of the end of 2021 it had commitments of $570.5 million for loans backed by bitcoin.

MicroStrategy on Tuesday saw its shares edge lower, and its stock has dropped 42% from its November peak.

Silvergate shares have climbed 4% this year, though its stock is down 34% from its November high.

  • Trending
  • Comments
  • Latest
bc76e70c 719f 48bc 8073 f6db0e21d3d9 – TodayHeadline

Angela Merkel attacks Twitter over Trump ban

53886667 10486089 image a 11 1644256631056 – TodayHeadline

Damon Albarn banned from opening personal Instagram account by daughter Missy

Knock Knock Jokes Feature 1 – TodayHeadline

25 Funniest Knock Knock Jokes for Kids

BrandVillage – TodayHeadline

Examples Of Successful Logo Designs For Melbourne-Based Businesses – Film Daily

The Government is to review the 1973 Matrimonial Causes Act

Government could overhaul 50-year-old divorce laws

Qumra Master with Michael Winterbottom at Qumra 2023 – TodayHeadline

Michael Winterbottom talks continuum of documentary and fiction – Deadline

tesla cyberroadster diy build screenshot – TodayHeadline

See How This YouTuber Is Making A Tesla CyberRoadster Out Of A Damaged Model 3

China Will Become a Metaverse Tech Leader During 2023 – – TodayHeadline

China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

PopularStories

The Government is to review the 1973 Matrimonial Causes Act
Politics news

Government could overhaul 50-year-old divorce laws

Qumra Master with Michael Winterbottom at Qumra 2023 – TodayHeadline
breaking news today

Michael Winterbottom talks continuum of documentary and fiction – Deadline

tesla cyberroadster diy build screenshot – TodayHeadline
Automotive

See How This YouTuber Is Making A Tesla CyberRoadster Out Of A Damaged Model 3

China Will Become a Metaverse Tech Leader During 2023 – – TodayHeadline
Money

China Will Become a Metaverse Tech Leader During 2023 – Metaverse Bitcoin News

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

The Government is to review the 1973 Matrimonial Causes Act

Government could overhaul 50-year-old divorce laws

Qumra Master with Michael Winterbottom at Qumra 2023 – TodayHeadline

Michael Winterbottom talks continuum of documentary and fiction – Deadline

tesla cyberroadster diy build screenshot – TodayHeadline

See How This YouTuber Is Making A Tesla CyberRoadster Out Of A Damaged Model 3

The Government is to review the 1973 Matrimonial Causes Act

Government could overhaul 50-year-old divorce laws

Qumra Master with Michael Winterbottom at Qumra 2023 – TodayHeadline

Michael Winterbottom talks continuum of documentary and fiction – Deadline

tesla cyberroadster diy build screenshot – TodayHeadline

See How This YouTuber Is Making A Tesla CyberRoadster Out Of A Damaged Model 3

  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

No Result
View All Result
  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.