Marathon Collateralizes Bitcoin for $200 Million Loan

Marathon Digital, known as the world's largest Bitcoin mining company, collateralized a portion of its Bitcoin for a new loan. The loan company accepted the collateral and approved the $200 million loan.

One of the biggest debates in the cryptocurrency world recently, the issue of Bitcoin being collateralized for loan purchases, has now resulted positively for Marathon Digital. Marathon, which collateralized a portion of its Bitcoins during the process, received approval for a $200 million loan from an undisclosed company.

The official statement noted that the loan would be spent on general company activities and strategic business opportunities.

Marathon implemented its Bitcoin strategy in July and announced that it would keep the largest cryptocurrency as a reserve asset. The company also purchased $100 million worth of Bitcoin with this announcement.

Marathon, which is the largest mining company in this sense with more than 25 thousand BTCs, also mined 705 BTCs in September. This figure was 673 in August.

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