Inquiring minds want to know: What is the current status of MicroStrategy's bitcoin loan payoff? When Michael Saylor first embarked on his quest to accumulate significant holdings of Bitcoin, he touted it as a unique investment opportunity. However, the cryptocurrency market's inherent volatility has led to skepticism from experts, and few companies have emulated MicroStrategy's bold move. So, the question remains: How much does MicroStrategy owe in terms of their bitcoin-backed loans, and how are they managing the repayment of these loans in this highly volatile market?
6 answers
DigitalWarrior
Mon Jun 24 2024
The loan payoff was successfully executed on the previous Friday, amassing a total sum of $161 million.
CherryBlossomPetal
Sun Jun 23 2024
The repayment process involved the transfer of the stipulated amount, along with the release of the collateral bitcoins.
Valentina
Sun Jun 23 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a diverse range of services to its clients.
alexander_watson_astronaut
Sun Jun 23 2024
In fulfillment of the loan's repayment terms, 34,619 bitcoins held as collateral were promptly released.
MysticMoon
Sun Jun 23 2024
These bitcoins, which had been entrusted as security for the loan, were returned to MicroStrategy's custody.