In addition to purchasing an additional 6,455 BTC, MicroStrategy has revealed that it has repaid a $205 million Bitcoin-collateralized loan in full at a 22% discount for $160 million, bringing their total holdings to 138,955 BTC.

Chairman Michael Saylor tweeted that the Bitcoin was purchased for an average price of $28,817 each. The loan was made through the failed Silvergate Bank, which accounts for the significant discount on the debt that MicroStrategy paid off.

The largest public corporation holdings of Bitcoin is still held by MicroStrategy, with Marathon in second place.

MicroStrategy began purchasing Bitcoin in August 2020 and sold a portion of its holdings in December 2022 for the purpose of tax loss harvesting. However, the company kept adding to its Bitcoin holdings by purchasing an additional 2,500 BTC shortly after the sale.

Recently, MicroStrategy also revealed its intentions to release enterprise infrastructure services and content monetization programs utilizing the Bitcoin Lightning Network. 

Michael Saylor changed his role from MicroStrategy’s CEO to Executive Chairman in August 2022 in order to devote more of his time to support Bitcoin use and development.

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