Other DebtActive
BTC-Collateralized Line of Credit ($200M)
MARA-LOC1
$9.55▼ 1.24%
BTC Holdings
38,689 BTC
Total Debt
$2.50B
Leverage
70.9%
mNAV
1.32x
Outstanding
$200.00M
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- Collateral balancing: additional collateral required if value falls below set threshold; excess may be withdrawn above threshold
Sources(2)
- Form 8-K ($200M BTC-colla…FilingForm 8-K ($200M BTC-collateralized line of credit)MARA Holdings Inc. — 2024-10-15
- Form 10-K (FY 2025)FilingForm 10-K (FY 2025)Debt footnoteMARA Holdings Inc. — 2026-03-02
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | — | $200.00M | Form 10-K (FY 2025) |
| 2024-10-15 | Draw | $200.00M | Form 8-K ($200M BTC-colla… |
- 2025-12-31 — $200,000,000Balance Sheet — filing — MARA Holdings Inc.Source
- 2024-10-15 — $200,000,000filing — MARA Holdings Inc.Source