According to Odaily, on Tuesday, Bitcoin mining company MARA announced that it has secured a $200 million credit line, using a portion of its Bitcoin holdings as collateral. The company stated that the funds will be used to capitalize on strategic opportunities and for other general corporate purposes.

While MARA did not disclose specific details about the terms of the credit line, industry competitors have recently secured agreements characterized by a loan-to-value ratio of approximately 70% and a weighted average interest rate of 4.2%. Assuming a similar loan-to-value ratio of 70%, MARA would need to pledge around 4,000 BTC as collateral for the $200 million credit line.

As of September 30, MARA holds 26,842 BTC, currently valued at $1.8 billion.