TLDR
MARA pledged BTC worth about $1.2 billion to secure fresh financing.
Coinbase and Two Prime provided $300 million each in new funding to support MARA’s expansion strategy.
MARA faces roughly $56.7 million in annual interest costs if the full $750 million remains outstanding.
A sharp decline in Bitcoin could trigger margin calls and expose MARA’s pledged BTC to liqui...
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