{"id":552906,"date":"2026-08-07T13:50:28","date_gmt":"2026-08-07T12:50:28","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=552906"},"modified":"2026-08-07T10:14:54","modified_gmt":"2026-08-07T09:14:54","slug":"mara-bitcoin-collateral-long-ridge-financing","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/","title":{"rendered":"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net"},"content":{"rendered":"<p>MARA Holdings sold 2,213 Bitcoin during the second quarter, equal to 91.37% of the 2,422 BTC it mined, before adding $600 million of new borrowing secured by Bitcoin collateral to help finance its planned acquisition of Long Ridge, a power-generation site it aims to develop for AI and high-performance computing.<\/p>\n<p>The <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1507605\/000150760526000022\/mara-20260630.htm\">company's quarterly filing<\/a> shows that the new money sits inside $750 million of fully drawn facilities entered into on Aug. 4. Coinbase provided a $450 million facility, including $300 million of new borrowing and the refinancing of an existing $150 million loan. Two Prime provided a separate $300 million loan. MARA said the proceeds can fund general corporate purposes, including part of the cash consideration for Long Ridge.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/hut-8-ai-data-center-bitcoin-collateral\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">Hut 8 AI landlord data center strategy turns Bitcoin collateral into bridge capital<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<h2>The Bitcoin collateral pool is clear, but remaining headroom is not<\/h2>\n<p>MARA initially pledged 18,750 BTC across the two facilities. That Bitcoin collateral represents 52.7% of the 35,577 BTC it reported holding on June 30, although the comparison spans two different dates and does not establish how much Bitcoin remained unrestricted after the loans closed.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-c0dc25e8-718f-4fa3-bbd9-8e813b64739c.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-552908\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-c0dc25e8-718f-4fa3-bbd9-8e813b64739c.png\" alt=\"Infographic showing MARA mined 2,422 BTC and sold 2,213 in Q2, held 35,577 BTC on June 30 with 9,270 loaned or pledged, then posted 18,750 BTC as initial collateral for $750 million of facilities on Aug. 4.\" width=\"720\" height=\"899\" \/><\/a><\/p>\n<p>At quarter-end, MARA classified 26,307 BTC as unrestricted, 4,742 BTC as loaned and 4,528 BTC as pledged collateral. The latter two categories totaled 9,270 BTC. The company did not disclose how much of that Bitcoin collateral pool overlaps with the 18,750 BTC pledged on Aug. 4, so adding the two figures would double-count an unknown amount.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/cleanspark-exposes-the-liquidity-test-inside-miner-btc-reserves\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">Bitcoin miners are resorting to using BTC treasuries as collateral for debt to weather Bitcoin winter<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<h2>The financing terms leave the margin-call threshold unclear<\/h2>\n<p>Both facilities require MARA to maintain sufficient Bitcoin collateral. A failure to restore collateral can become an event of default and allow the relevant lender to liquidate pledged Bitcoin. However, the filing does not disclose the numerical maintenance ratios, margin-call thresholds, cure periods, liquidation formulas or how the collateral is divided between lenders. That makes it impossible to calculate a <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin price<\/a> at which MARA would face a margin call or forced sale.<\/p>\n<p>The Coinbase facility, secured by Bitcoin collateral, bears interest at the midpoint of the federal funds target range plus 3.875% and matures in August 2028, with an automatic one-year extension unless canceled. The Two Prime loan carries a 7.65% fixed rate and also matures in August 2028.<\/p>\n<p>MARA reported $174.9 million in second-quarter revenue and a $611.3 million net loss, including a $342.7 million fair-value loss on Bitcoin. That mark-to-market loss is distinct from cash leaving the business. Separately, for the first half of 2026, MARA reported $471.3 million of net cash used in operating activities. The six-month cash-flow figure is not a direct reconciliation of the quarterly net loss.<\/p>\n<h2>Long Ridge approval is still pending<\/h2>\n<p>Long Ridge also remains conditional. The <a href=\"https:\/\/www.ftc.gov\/legal-library\/browse\/early-termination-notices\/20261548\">Federal Trade Commission<\/a> granted early termination of the transaction's antitrust waiting period on June 16, but MARA said on Aug. 6 that approval from the Federal Energy Regulatory Commission was still pending.<\/p>\n<p>The acquisition agreement has a Nov. 30 outside date that may extend to June 30, 2027, if specified regulatory conditions remain unresolved. MARA could owe a $75 million termination fee in certain circumstances. Management has targeted at least one AI or high-performance-computing lease across its portfolio before year-end, but has not announced a signed Long Ridge tenant.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/wall-street-is-paying-up-for-bitcoin-miners-ai-infrastructure-before-most-of-it-is-built\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">Wall Street is paying up for Bitcoin miners\u2019 AI infrastructure before most of it is built<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<p>The financing gives MARA $600 million of new dollar liquidity for Long Ridge and other uses while placing 18,750 BTC in arrangements that require Bitcoin collateral. Because the post-closing unrestricted count remains undisclosed, its remaining Bitcoin headroom cannot be measured from the available figures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The miner sold 2,213 BTC and later pledged 18,750 BTC, while the differently dated collateral pools cannot be reconciled.<\/p>\n","protected":false},"author":1264,"featured_media":553026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79911,77968,2376],"tags":[81073,76714,78295,75195],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin collateral: MARA&#039;s $600M Long Ridge financing<\/title>\n<meta name=\"description\" content=\"MARA&#039;s Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net\" \/>\n<meta property=\"og:description\" content=\"MARA&#039;s Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-07T12:50:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-07T09:14:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/mara-bitcoin-vault-financing.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\/articles\"]},\"headline\":\"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net\",\"datePublished\":\"2026-08-07T12:50:28+00:00\",\"dateModified\":\"2026-08-07T12:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\"},\"wordCount\":575,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"Coinbase\",\"mining\",\"regulation\"],\"articleSection\":[\"Debt\",\"Featured\",\"Mining\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\",\"url\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\",\"name\":\"Bitcoin collateral: MARA's $600M Long Ridge financing\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-08-07T12:50:28+00:00\",\"dateModified\":\"2026-08-07T12:50:28+00:00\",\"description\":\"MARA's Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin collateral: MARA's $600M Long Ridge financing","description":"MARA's Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/","og_locale":"en_US","og_type":"article","og_title":"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net","og_description":"MARA's Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.","og_url":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/","og_site_name":"CryptoSlate","article_published_time":"2026-08-07T12:50:28+00:00","article_modified_time":"2026-08-07T09:14:54+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/mara-bitcoin-vault-financing.jpg","type":"image\/jpeg"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright\/articles"]},"headline":"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net","datePublished":"2026-08-07T12:50:28+00:00","dateModified":"2026-08-07T12:50:28+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/"},"wordCount":575,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["Bitcoin","Coinbase","mining","regulation"],"articleSection":["Debt","Featured","Mining"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/","url":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/","name":"Bitcoin collateral: MARA's $600M Long Ridge financing","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-08-07T12:50:28+00:00","dateModified":"2026-08-07T12:50:28+00:00","description":"MARA's Bitcoin collateral and $600 million Long Ridge financing leave remaining liquidity unclear as FERC approval remains pending.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/mara-bitcoin-collateral-long-ridge-financing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"MARA sold almost all its mined Bitcoin, then pledged 18,750 BTC for an AI dream with no disclosed safety net"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/552906"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=552906"}],"version-history":[{"count":5,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/552906\/revisions"}],"predecessor-version":[{"id":553032,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/552906\/revisions\/553032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/553026"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=552906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=552906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=552906"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=552906"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=552906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}