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Microstrategy: Acquired 6,455 Bitcoins for Approximately $150.0 Million, at an Average Price of $23,238 Per Bitcoin

Mar 27, 2023 · 1 min read · 71 points
Microstrategy: Acquired 6,455 Bitcoins for Approximately $150.0 Million, at an Average Price of $23,238 Per Bitcoin
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The information set forth below in Item 8.01 of this Current Report on Form 8-K under the caption “Voluntary Prepayment of Silvergate Loan” is incorporated herein by reference. The Credit Agreement with Silvergate Bank

Highlights

  • The information set forth below in Item 8.01 of this Current Report on Form 8-K under the caption “Voluntary Prepayment of Silvergate Loan” is incorporated herein by reference.
  • The Credit Agreement with Silvergate Bank (Silvergate) with MacroStrategy LLC (“MacroStrategy”), a wholly-owned subsidiary of MicroStrategy Incorporated (the “Company” or “MicroStrategy) entered into a Credit and Security Agreement (the Credit Agreement’s Credit Agreement) on March 23, 2022, and the Credit Agreement was terminated.
  • As of March 24, 2023, the floating rate equaled 8.27%.

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