BUSINESS intelligence firm MicroStrategy this week snapped up a further 4,300 Bitcoin to add to its massive crypto holdings.
The US company - headed up by Bitcoin evangelist Michael Saylor - took out a $205m loan to make the mega purchase. Saylor's latest move came from an agreement with Silvergate Bank which loaned the figure against the collateral of MicroStrategy's $820m in Bitcoin. The loan will mature in March 2025, according to a filing with the US Securities and Exchange Commission.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
MICROSTRATEGY INCORPORATED 
