MicroStrategy took out a loan to buy bitcoin

As reported by MicroStrategy (Nasdaq stock ticker: MSTR), its MacroStrategy division has entered into a deal with the bankSilvegate Bank to raise a loan of $205 million secured by the corresponding amount of bitcoins that the borrower has.

MicroStrategy emphasized that attractedfunds will be used to purchase additional bitcoins. The collateralized bitcoins (number not given) represent only a fraction of the #1 cryptocurrency total (124,391 BTC, as of the beginning of the year) that this Wall Street company has accumulated.

It is worth noting that MicroStrategy, whichis engaged in the production of software, and also uses cash flow from its classic business activities to purchase bitcoins. The company's lending partner, Silvergate Bank, is one of those US banks that is heavily involved in the crypto space.

Silvergate Bank is in turn a subsidiaryby Silvergate Capital Corporation, whose shares are traded on the NYSE under the ticker symbol SI. The bank launched a Bitcoin-secured loan program in 2020, and by the beginning of this year, the amount of such loans provided to US corporations reached $570.5 million.

MicroStrategy made its first investmentinto bitcoins in August 2020. The company's shares in many ways repeat the trajectory of the movement of the price of bitcoin. Even though they are currently trading below the high of the year seen in February 2021, their current stock price of $511 is 3.15 times what they were worth on the market in August 2020. of the year.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	AAX	https://aax.com	7.2
4	Exmo	https://exmo.me	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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