MARA pledges 18,750 BTC for $600M in new loans
MARA Holdings secured $600 million of new borrowing on Aug. 4 after pledging 18,750 BTC worth about $1.2 billion as initial collateral, according to its Aug. 6 quarterly filing with the U.S. Securities and Exchange Commission. The financing came from Coinbase Credit and Two Prime Lending as MARA directs more capital toward energy assets, Bitcoin mining, artificial intelligence and high performance computing. The loans were completed after the June quarter, when MARA reported holding 35,577 BTC with a fair value of about $2.1 billion. The pledged 18,750 BTC therefore equals roughly 53% of its reported quarter end Bitcoin holdings. MARA said it “expects to use the proceeds” for general corporate purposes, including financing part of the cash consideration for its planned Long Ridge Energy & Power acquisition. MARA pledged 18,750 Bitcoin as collateral for $600M in new borrowing. ???? That equals about 53% of its 35,577 $BTC holdings. The loans were arranged through Coinbase Credit and Two Prime Lending. pic.twitter.com/iVti2eWxQV — CryptosRus (@CryptosR_Us) August 9, 2026 MARA gets $600M while refinancing another $150M Although the two facilities carry $750 million of combined principal, only $600 million represents new borrowing. Coinbase provided a $450 million facility consisting of $300 million in fresh funding and the refinancing of MARAs existing