Ifeanyi Jesse 
After putting its buying frenzy on pause for three months, the company with the most bitcoins has started repurchasing them.
Also, the business intelligence powerhouse started by Michael Saylor has paid back its Bitcoin-backed debt to Silvegate at a big discount.
The company’s former CEO went on Twitter on March 27 to report that his company had bought bitcoin on March 23. MicroStrategy bought 6,455 BTC at an average price of $23,238, making the total acquisition worth over $150 million.
With it, the company now owns a total of 138,955 BTC, which costs about $4.14 billion to buy at an average price of $29,817 per BTC.
Since the price of bitcoin has lately gone up, the company’s unrealized loss has gone down by a lot. Before, it was worth more than $1 billion.
MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt
— Michael Saylor⚡️ (@saylor) March 27, 2023
MicroStrategy paid back its debt to the collapsed Silvergate Bank that was backed by BTC. This was the company’s first BTC purchase of the year.
Last year, the two parties agreed on a $205 million loan that the software company utilized to buy more BTC.
Saylor’s tweet says that MicroStrategy paid back the loan at a discount of 22%.
