$600M Bitcoin-backed credit facilities with Coinbase and Two Prime
Company: Marathon Digital
The claim, verbatim
After Q2 2026, MARA arranged $600 million in additional financing through 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%. The Coinbase arrangement also refinanced an existing $150 million credit line, bringing that facility's principal to $450 million.
Source (primary)
MARA Bitcoin Transfers Show Significant Exchange Movements - The Cryptonomist (-, news_article)
View cached copy (2026-10-21)Live source ↗Archive.org ↗
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. Each lender provided $300 million in additional funding.”
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. Each lender provided $300 million in additional funding.”