$600M bitcoin-secured borrowings; 54% of holdings pledged
Company: Marathon Digital
The claim, verbatim
Management said MARA added $600 million of borrowings secured by its bitcoin, leaving 54% of its bitcoin holdings pledged as collateral.
Source (primary)
Why Did MARA Stock Fall? - Trefis (-, news_article)
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Quote: “Management noted on the August call that MARA added $600 million of borrowings secured by its bitcoin. That move left 54% of the company's holdings pledged as collateral.”
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Additional evidence
confirms Why Did MARA Stock Fall? - Trefis
Quote: “Management noted on the August call that MARA added $600 million of borrowings secured by its bitcoin. That move left 54% of the company's holdings pledged as collateral.”