CryptoCoinDeskabout 2 hours ago
Bitcoin-backed lending enters institutional era
1 min read
MARA Holdings pledged 18,750 BTC to secure $600 million in two term loans from Coinbase Credit and Two Prime Lending. The collateral, roughly 53% of Marathon's bitcoin holdings, was valued at about $1.2 billion when transactions closed Aug. 4. Two Prime's loan carries a 7.65% fixed rate, maturing August 2028.
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