MARA pledges 18,750 Bitcoin for new loans
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- MARA is using 18,750 Bitcoin as collateral to secure US$600 million in new loans.
- The company said the financing will support refinancing and general corporate purposes.
- The move shows how Bitcoin holdings are being used to access large-scale funding.
MARA Holdings has pledged 18,750 Bitcoin (CRYPTO:BTC) as collateral to secure US$600 million in new loans.
The company said the financing includes multiple loan agreements backed by its Bitcoin holdings.
MARA said the proceeds will be used for refinancing and general corporate purposes.
The company said the loans allow it to raise capital without selling its Bitcoin holdings.
The pledged Bitcoin is worth several billion dollars at current market prices, according to the report.
MARA is one of the largest corporate holders of Bitcoin and has expanded its mining and treasury operations in recent years.
The company said its financing strategy aims to increase liquidity while maintaining exposure to Bitcoin.
