The company in March 2022 had borrowed $205 million from Silvergate Bank.
The government's weekend backstop of depositors at failed lenders Silicon Valley Bank and Signature Bank sent bitcoin above $22,000.
Business software company Microstrategy (MSTR) said it has no assets custodied with Silvergate Capital (SI) and is in no other way financially linked to the bank other than a commitment to repay a loan in 2025, the company said on Thursday.