Crypto Evening Briefing: Michael Saylor’s MicroStrategy Repays Silvergate Loan and Buys 6.5K BTC
MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.
Michael Saylor’s MicroStrategy Repays Silvergate Loan and Buys 6.5K BTC
MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate.
MicroStrategy Acquired 6,455 BTC for $150M: Filing
According to its latest 8-K filing with the SEC, MicroStrategy has acquired 6,455 BTC for $150M with an average price of $23,238 per BTC between 16th February and March 23rd 2023.
Court Dismisses Tax Fraud Charges Against Michael Saylor’s MicroStrategy
The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael Saylor evade income tax payments.
MicroStrategy Claims Minimal Exposure as Crypto.com, Coinbase, and Gemini Pause Transactions with Silvergate Bank
MicroStrategy has denied any meaningful exposure to Silvergate as crypto firms who banked with the crypto bank are rushing for the exits amid concerns about its financial condition.
MicroStrategy, Tether Adds to firms Distancing from Silvergate as Stock Dives 57%
Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank. The news comes after Silvergate announced on March 1 that it would postpone filing its annual 10-K financial report, which has many fearing the cryptocurrency bank may be on the brink of a bankruptcy filing. This led MicroStrategy — which holds over 130,000 Bitcoin— to confirm that its BTC collateral is not custodied with Silvergate. (Cointelegraph)
Coinbase, Circle, Galaxy Digital, MicroStrategy Drop Silvergate After Bank Warns About Its Viability
Various crypto businesses distanced themselves from Silvergate following its decision to postpone the submission of its annual 10-K report to the Securities and Exchange Commission (SEC).
MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate
Business software company Microstrategy (MSTR) said it has no assets custodied with Silvergate Capital (SI) and is in no other way financially linked to the bank other than a commitment to repay a loan in 2025, the company said on Thursday.
MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims
MicroStrategy (MSTR) founder and executive chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., according to a ruling on Feb. 28.
Microstrategy Has Raised $46.6M via Share Sales Since September
MicroStrategy, led by Michael Saylor, disclosed in an SEC filing that it has raised $46.6 million through the sale of shares since September 2022, when it entered into an agreement with underwriter Cowen and Co.for the sale of up to $500 million in common stock.
