MicroStrategy Triples its BTC Holdings in Two Years

MicroStrategy has taken $2.4 billion debt to buy Bitcoin

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The firm held 129,000 BTC at the end of the first quarter of 2022.

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Michael Saylor’s firm has taken $2.4 billion debt in total to buy all the bitcoins.

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The current value of MicroStrategy’s bitcoin holdings is over $3.8 billion.

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The firm’s debt structure includes $1.7 billion in senior convertible notes at 0 to 0.75% interest rate, $500 million in senior secured notes at 6%.

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MicroStrategy also took the first of its kind bitcoin-backed loan of $250 million at 4% interest rate.

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The business intelligence firm continues to bet big on Bitcoin despite the ongoing volatile market conditions.

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