Bitcoin pledged as collateral or loaned
Company: Marathon Digital
The claim, verbatim
15,315 of MARA's 53,822 bitcoin holdings were out on loan or pledged as collateral as of 31 December 2025
Source (primary)
Who Is Fred Thiel and Why MARA Still Files His 2021 Employment Agreement - Phemex (-, news_article)
View cached copy (2026-09-22)Live source ↗
Quote: “15,315 of those coins were out on loan or pledged as collateral”
How we checked this
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Additional evidence
confirms Who Is Fred Thiel and Why MARA Still Files His 2021 Employment Agreement - Phemex
Quote: “15,315 of those coins were out on loan or pledged as collateral”