MARA borrows $600M from Coinbase and Two Prime against BTC holdings
2026.09.08
MARA Holdings secured $600M in BTC-backed loans from Coinbase and Two Prime in August, shifting from selling bitcoin to borrowing against it. MARA had sold more than 23,000 BTC in H1 2026. Two Prime CEO Alexander Blume said the deal illustrates how large miners can use reserves to raise liquidity while retaining upside exposure.
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