According to BlockBeats, on October 16, Bitcoin mining company MARA announced that it had obtained a $200 million credit line, using part of its Bitcoin holdings as collateral. It is estimated that MARA will need to pledge about 4,000 BTC as collateral for the $200 million credit line.
The company said it will use the funds to pursue strategic opportunities and for other general corporate purposes. Two months ago, MARA issued $300 million worth of convertible bonds with an interest rate of 2.125%. Subsequently, the company used $250 million of the bond proceeds to purchase 4,144 bitcoins.
