Other DebtExpired
BTC-Collateralized Line of Credit ($150M)
MARA-LOC2
$14.22▲ 2.16%
BTC Holdings
35,303 BTC
Total Debt
$2.45B
Leverage
85.7%
mNAV
2.40x
Outstanding
$0.00
Issue date
2025-03-01
Principal
$150.00M
Coupon
8.85%
Maturity
2026-03-01
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured by bitcoin collateral
- Facility type
- Term loan
- Rate type
- Fixed
- Collateral
- Portion of MARA's bitcoin holdings
- Covenants
- Collateral balancing: additional collateral required if value falls below set threshold; excess may be withdrawn above threshold
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2026-01-29 | Repayment | $0.00 Repaid in full as part of Previous Line of Credit refinancing |
| 2025-12-31 | — | $150.00M Combined 5,938 BTC pledged as collateral across both credit facilities |
| 2025-03-31 | Draw | $150.00M |
| 2025-03-01 | Issuance | $150.00M |
- 2026-01-29 — $0Note 13 - Debt
- 2025-12-31 — $150,000,000Balance Sheet
- 2025-03-31 — $150,000,000
- 2025-03-01 — $150,000,000