$600M Bitcoin-backed financing from Coinbase and Two Prime
Company: Marathon Digital
The claim, verbatim
MARA arranged $600 million in additional financing via facilities with Coinbase and Two Prime ($300 million each), pledging 18,750 BTC as initial collateral in August, at a weighted average borrowing cost of about 7.56%.
Source (primary)
MARA Bitcoin Transfers Show Significant Exchange Movements - The Cryptonomist (-, news_article)
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Quote: “the company arranged $600 million in additional financing through facilities with Coinbase and Two Prime, pledging 18,750 BTC as initial collateral in August”
How we checked this
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Additional evidence
confirms MARA Bitcoin Transfers Show Significant Exchange Movements - The Cryptonomist
Quote: “the company arranged $600 million in additional financing through facilities with Coinbase and Two Prime, pledging 18,750 BTC as initial collateral in August”