MicroStrategy, the US-based enterprise software firm led by Bitcoin (BTC) bull Michael Saylor, has taken a bitcoin-secured loan of USD 250m from Silvergate Bank, with the company planning to use the money to buy even more BTC. The loan, issued as an interest-only term loan by Silvergate Bank is “secured by certain bitcoin held in MacroStrategy’s collateral account,” an announcement from the firm said. MacroStrategy is a subsidiary of MicroStrategy....Read More: MicroStrategy Leverages Bitcoin Holding to Buy Even More BTC
