MARA Holdings Pledges 18,750 Bitcoin for $600M Loans

MARA secures $600M financing via two Bitcoin-backed term loans with Coinbase and Two Prime, pledging 18,750 BTC as collateral for corporate use.

Woofun AI reports that MARA Holdings executed two Bitcoin-backed term loan agreements on August 4, 2026, with Coinbase Credit, Inc. and Two Prime Lending Limited. The facility totals $750 million, including the refinancing of an existing $150 million Coinbase credit line, securing approximately $600 million in new financing. Collateral consists of 18,750 Bitcoin coins, valued at roughly $1.2 billion, representing about 53% of the company's 35,577 Bitcoin holdings as of late June. Coinbase provided approximately $450 million at a 7.5% interest rate maturing on August 4, 2028, while Two Prime Lending Limited extended $300 million at a fixed 7.65% rate maturing on August 3, 2028. Proceeds are designated for general corporate purposes, notably supporting the acquisition of Long Ridge Energy & Power, a $1.5 billion asset intended for energy production, mining, and AI initiatives.