|Bid||283.01 x 1000|
|Ask||285.40 x 900|
|Day's range||255.45 - 285.42|
|52-week range||132.56 - 508.57|
|Beta (5Y monthly)||2.40|
|PE ratio (TTM)||N/A|
|Earnings date||01 May 2023 - 05 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||280.00|
The Bitcoin-savvy software giant faced unexpected financial challenges due to Silvergate's banking collapse. Yet this surprising turn of events may not have been all doom and gloom.
(Bloomberg) -- MicroStrategy Inc., the biggest corporate owner of Bitcoin, paid off the remainder of its $205 million Bitcoin-backed loan from Silvergate Bank with proceeds from the sale of shares and purchased about $150 million more of the cryptocurrency. Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksFirst Citizens to Buy SVB After
The company in March 2022 had borrowed $205 million from Silvergate Bank.