Fully repaid $750M bitcoin-backed term loan
Company: Marathon Digital
The claim, verbatim
$750 million of BTC sale proceeds was used to fully repay a bitcoin-collateralized term loan, releasing 17,477 bitcoin previously held as collateral.
Source (primary)
MARA Holdings Q3 Call: Aims to Secure Two AI/HPC Leases by Year-End, Reduces Total Debt by 37% - KuCoin (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “$750 million was used to fully repay a bitcoin-collateralized term loan, resulting in the release and recovery of 17,477 bitcoins previously held as collateral”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article says $750 million of the sale proceeds fully repaid the loan and that 17,477 pledged bitcoin were released.
Confirmed in the source:
- $750 million of the bitcoin sale proceeds was used to fully repay a bitcoin-collateralized term loan
- The repayment released 17,477 bitcoin previously held as collateral
What we did: Read our cached copy of the publisher (https://www.kucoin.com/news/flash/mara-holdings-q3-call-aims-to-sign-two-ai-hpc-leases-by-year-end-cuts-total-debt-by-37) in full (15,540 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms MARA Holdings Q3 Call: Aims to Secure Two AI/HPC Leases by Year-End, Reduces Total Debt by 37% - KuCoin
Quote: “$750 million was used to fully repay a bitcoin-collateralized term loan, resulting in the release and recovery of 17,477 bitcoins previously held as collateral”