Other DebtExpired
BTC-Collateralized Line of Credit ($200M)
MARA-LOC1
$14.38▲ 2.20%
BTC Holdings
35,303 BTC
Total Debt
$2.45B
Leverage
73.3%
mNAV
2.11x
Outstanding
$0.00
Issue date
2024-10-15
Principal
$200.00M
Coupon
10.50%
Maturity
—
Conversion price
—
- Amended Feb 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured by bitcoin collateral
- Facility type
- Revolving
- 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- Collateral balancing: additional collateral required if value falls below set threshold; excess may be withdrawn above threshold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(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-01-29 | Repayment | $0.00 Repaid in full as part of Previous Line of Credit refinancing |
| 2025-12-31 | — | $200.00M |
| 2024-10-15 | Draw | $200.00M |
- 2026-01-29 — $0Note 13 - Debt
- 2025-12-31 — $200,000,000Balance Sheet
- 2024-10-15 — $200,000,000