According to TechFlow, on October 16, TheMinerMag reported that Bitcoin mining company MARA announced that it had obtained a $200 million credit line, with part of its Bitcoin holdings as collateral. The company said it would use the funds to seize strategic opportunities and for general corporate purposes. Although MARA did not disclose specific terms, the loan-to-value ratio of similar agreements in the industry recently was about 70%, and the weighted average interest rate was 4.2%. Based on this calculation, MARA may need to pledge about 4,000 Bitcoins as collateral.

Two months ago, MARA issued $300 million in convertible bonds with an interest rate of 2.125%, and used $250 million of it to purchase 4,144 bitcoins. As of September 30, MARA held 26,842 bitcoins, currently worth about $1.8 billion.