MARA Secures $200M Credit Line with Bitcoin Collateral

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1 year ago 272

Bitcoin mining giant MARA is increasing its financial leverage as bitcoin’s price reaches its highest level since July 30. On Tuesday, MARA announced it had secured a $200 million line of credit from an undisclosed counterparty, using a portion of its bitcoin holdings as collateral. The company stated it would utilize the funds to capitalize […]

The post MARA Secures $200M Credit Line with Bitcoin Collateral appeared first on TheMinerMag.



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