Analytics and business intelligence firm MicroStrategy is set to boost its Bitcoin holdings after securing a $205-million loan from Silvergate Bank, according to a statement.

  • MicroStrategy Chief Executive Officer Michael Saylor said the company’s latest loan will enable MicroStrategy to boost its position as the “leading public company investor in Bitcoin.”
  • Saylor was referring to a $205-million term loan provided by Silvergate Bank with Bitcoin holdings as collateral through its SEN leverage program to MicroStrategy subsidiary MacroStrategy.
  • Saylor said the firm used capital from the loan to utilize its Bitcoin holdings as “productive collateral,” allowing the company to continue its efforts in line with its business strategy.

The SEN Leverage offers institutional-grade access to capital through dollar-denominated loans collateralized with Bitcoin, as launched in 2020. MSTR is down 0.85%, SI is up 2.29%, while BTC is up 0.63%.