Bitcoin pledged as collateral for Long Ridge acquisition financing
Company: Marathon Digital - Project: Long Ridge
The claim, verbatim
Marathon Digital pledged 18,750 Bitcoin as collateral for two financing facilities tied to its pending Long Ridge acquisition
Source (primary)
MARA Stock: Shares Fall As Bitcoin Drops Below $77,000, Short Squeeze Setup In Focus - Bitget (-, news_article)
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Quote: “on August 4 the company pledged another 18,750 Bitcoin, nearly 53% of that coin count, as collateral for two financing facilities tied partly to its pending Long Ridge acquisition”
How we checked this
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Additional evidence
confirms MARA Stock: Shares Fall As Bitcoin Drops Below $77,000, Short Squeeze Setup In Focus - Bitget
Quote: “on August 4 the company pledged another 18,750 Bitcoin, nearly 53% of that coin count, as collateral for two financing facilities tied partly to its pending Long Ridge acquisition”