🎉【Bitcoin mining company MARA obtains $200 million credit line! 】🎉

On Tuesday, Bitcoin mining company MARA announced that it had successfully obtained a $200 million credit line and used part of its BTC holdings as collateral. The funds will be used to seize strategic opportunities and other general corporate purposes. Although the specific terms were not disclosed, the loan-to-value ratio is approximately 70% and the weighted average interest rate is 4.2% based on industry standards.

Assuming a loan-to-value ratio of 70%, MARA needs to pledge approximately 4,000 BTC. As of September 30, MARA held 26,842 BTC, currently worth approximately $1.8 billion. Bitcoin's strong performance provides mining companies with more financial flexibility, and the future is promising! 🚀💰