MARA Secures $200M Line Of Credit, Collateralized By Portion Of Its Bitcoin Holdings
Portfolio Pulse from Benzinga Newsdesk
MARA has secured a $200 million line of credit, collateralized by a portion of its Bitcoin holdings. The funds may be used for strategic opportunities and general corporate purposes.
October 15, 2024 | 9:27 pm
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MARA has obtained a $200 million line of credit, using part of its Bitcoin holdings as collateral. This move provides MARA with financial flexibility to pursue strategic opportunities and manage corporate needs.
The $200 million line of credit increases MARA's financial resources, potentially enabling it to pursue growth opportunities or manage operations more effectively. The use of Bitcoin as collateral indicates a strategic use of its assets, which could be seen positively by investors.
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