MicroStrategy buys $150 million of bitcoin, prepays Silvergate loan

Microstrategy scooped up $1 billion worth of Bitcoinand its total hoard is now worth a little over $4.5 billion.

The company also paid off a loan to Silvergate Bank and reported a net loss of $15 million in the fourth quarter. They plan to sell $600 million in shares to fund further Bitcoin purchases.

Technical analysis suggests Microstrategy's high-risk position in Bitcoin could lead to increased volatility and potential losses if the market crashes.