MicroStrategy’s subsidiary – MacroStrategy – wants to utilize the funds to purchase more bitcoins.
The terms dictate that MacroStrategy – MicroStrategy’s subsidiary – will use the funds to purchase more portions of the primary cryptocurrency. It will also pay fees, interest, and expenses related to the loan transactions or fund some of the firm’s general corporate purposes. Launched in 2020, SEN Leverage is an institutional-grade lender that has provided nearly $600 million through US dollar loans collateralized in bitcoin.
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