Repaid $750M BTC-backed term loans
Company: Marathon Digital
The claim, verbatim
After quarter-end, MARA fully repaid $750 million of Bitcoin-collateralized term loans, releasing 17,477 pledged bitcoin and leaving less than 5% of BTC holdings loaned or pledged.
Source (primary)
marathon-digital 8-K exhibit (q326shareholderletter.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-10)Live source ↗
Quote: “We used $750.0 million to fully repay our Bitcoin- collateralized term loans. The repayment resulted in the return of 17,477 bitcoin previously pledged as collateral.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The letter states the full post-quarter repayment, the 17,477 bitcoin returned, and that less than 5% of BTC holdings remained loaned or pledged.
Confirmed in the source:
- After quarter-end, MARA fully repaid $750 million of Bitcoin-collateralized term loans.
- The repayment resulted in the return of 17,477 bitcoin previously pledged as collateral.
- Following the repayment, less than 5% of MARA's BTC holdings were loaned or pledged.
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000150760526000026/q326shareholderletter.htm) in full (43,591 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (q326shareholderletter.htm)
Quote: “We used $750.0 million to fully repay our Bitcoin- collateralized term loans. The repayment resulted in the return of 17,477 bitcoin previously pledged as collateral.”