MARA Secures $750 Million in Crypto-Collateralized Loan Backed by Bitcoin

MARATHON DIGITAL HOLDINGS (MARA) has secured $750 million in total credit facilities through a crypto-collateralized loan backed by Bitcoin. The company, which is a publicly traded miner on the Nasdaq stock exchange, pledged 18,750 BTC to two separate lenders.

The loan facility is split between $450 million from Coinbase Credit and $300 million from Two Prime Lending. MARA's Bitcoin holdings were valued at approximately $1.2 billion at the time of the transaction.

The loans mature in August 2028, with the Coinbase facility carrying a one-year extension option. The loan-to-value ratio sits at roughly 50%, allowing MARA to borrow $600 million against $1.2 billion worth of pledged Bitcoin.