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Leverage! MicroStrategy Subsidiary Lands $205M Loan to Buy More Bitcoin

source-logo  coinfomania.com  + 27 more 29 March 2022 14:27, UTC

MacroStrategy, a subsidiary of publicly-traded company MicroStrategy, has obtained a $205 million loan term to purchase more bitcoin. The latest development represents the first effort by MicroStrategy to utilize its sizable bitcoin holdings as collateral to acquire even more bitcoins.

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coinfomania.com

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