$600M bitcoin-backed borrowing
Company: Marathon Digital
The claim, verbatim
MARA took on $600 million of new bitcoin-backed borrowing, leaving 54% of its bitcoin pledged as collateral.
Source (primary)
MARA Has Lost 64% in a Year: Piper Sandler Sees 53% Upside - TIKR.com (-, news_article)
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Quote: “After $600 million of new bitcoin-backed borrowing, 54% of MARA’s bitcoin is pledged as collateral.”
How we checked this
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Additional evidence
confirms MARA Has Lost 64% in a Year: Piper Sandler Sees 53% Upside - TIKR.com
Quote: “After $600 million of new bitcoin-backed borrowing, 54% of MARA’s bitcoin is pledged as collateral.”