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Project Overview
Amara Finance is a cross-chain financial aggregator aiming to be the DeFi collaboration center that bridges Polkadot and the off-DOT world. Its core products include: AmaraLend, a multi-chain deployed lending protocol that focuses on long-tail assets; AmaraLink, a multisig cross-chain bridge connecting Polkadot and the off-DOT world; and AmaraPay, an aggregated payment gateway protocol that responds quickly across the world.
Bitcoin miner MARA pledges 18,750 BTC for $750 million loan to expand AI and energy infrastructure
Odaily News – Bitcoin miner MARA Holdings disclosed in its latest quarterly SEC filing that it has pledged 18,750 BTC as collateral for two Bitcoin-backed loans, totaling $750 million in principal.Among these, financing provided by Coinbase Credit includes a refinancing of the original $150 million credit facility plus an additional $300 million in new funds; Two Prime Lending separately provided a $300 million loan. Both loans have been fully drawn, with a combined financing cost of approximately 7.56%, primarily maturing in August 2028.The pledged 18,750 BTC were valued at approximately $1.2 billion at the time of the transaction. If a decline in Bitcoin's price pushes the collateral ratio below the agreed level, MARA could face margin call requirements; otherwise, the related BTC may be subject to liquidation risk.The new funds will mainly be used for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a natural gas power plant in Ohio, USA, with an expected installed capacity of 505 MW, along with over 1,600 acres of industrial land. MARA plans to further develop the site into a base for Bitcoin mining, AI, and high-performance computing infrastructure. (Crowdfund Insider)
MARA pledges 18,750 BTC to secure $600 million in new debt, expanding power generation and AI infrastructure business
: Bitcoin mining company MARA completed two loans on August 4, pledging 18,750 BTC to secure $600 million in new debt for expanding its power generation and AI infrastructure business. The collateralized assets were valued at approximately $1.2 billion at the time of the transaction. The combined principal of the two loans totals $750 million, with Coinbase Credit providing $450 million, including a refinancing of the existing $150 million credit facility and an additional $300 million; Two Prime Lending separately provided $300 million. Both loans have been fully drawn. The Coinbase loan carries an interest rate of the midpoint of the Federal Reserve's target rate range plus 3.875 percentage points, with a maturity date of August 4, 2028; the Two Prime loan carries a fixed interest rate of 7.65%, with a maturity date of August 3, 2028. Assuming the principal remains unchanged, the annual interest expense on the two loans is approximately $56.7 million. MARA stated that the loan proceeds will be used for general corporate purposes, including part of the cash consideration for the acquisition of Long Ridge Energy & Power LLC. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a 505-megawatt gas-fired power plant and more than 1,600 acres of industrial land, which MARA plans to use for power generation, Bitcoin mining, and potential AI and high-performance computing campuses.
Bernstein Issues Divergent Ratings on Bitcoin Miners' AI Transition: Positive on CleanSpark's Execution, MARA Awaiting Key Contract
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
Bitcoin miners MARA and CleanSpark report double-digit year-over-year revenue declines in Q2
Odaily News – Bitcoin mining companies MARA Holdings and CleanSpark have released their latest quarterly earnings reports, with both companies posting double-digit year-over-year revenue declines. MARA reported Q2 revenue of $174.9 million, down 27% year-over-year, while CleanSpark reported fiscal Q3 revenue of $138 million, down 30.5% year-over-year.Despite the earnings pressure, both companies continue to expand their high-performance computing (HPC) and AI infrastructure businesses. As the AI industry grows and Bitcoin mining difficulty continues to rise, both companies are investing resources to expand their HPC business lines. MARA stated it will expand its AI computing capabilities through the acquisition of power and data center assets, with its future power portfolio potentially reaching 4.8 GW. CleanSpark, meanwhile, said it currently controls more than 1.8 GW of power, land, and data center resources.To date, MARA holds approximately 35,577 BTC, while CleanSpark holds approximately 13,924 BTC, ranking fourth and eleventh respectively among publicly traded companies' Bitcoin holdings. (The Block)
MARA 以最高 6 亿美元收购德州 2000MW 算力园区项目公司
监管文件显示，MARA Holdings 子公司 Volt Texas 与 HIF USA 签署协议，收购持有德州数据基础设施园区项目的 MAT 1177 LLC 大部分股权，仅保留卖方一部分少数股权。该项目公司拥有与电力公司签署的意向书，计划为园区提供最高 2000 兆瓦电力，用于建设可支持高性能计算与 Bitcoin 挖矿的大型数字基础设施园区。交易对价以里程碑方式分期支付，若所有开发里程碑完成，累计收购金额最高达 6 亿美元，相关土地收购、电力接入和后续数据中心租约执行将触发分期付款义务。
Bitcoin mining company MARA to acquire Long Ridge Energy for $1.5 billion
According to Reuters, Bitcoin mining company MARA Holdings (MARA.O) will acquire Long Ridge Energy & Power, a natural gas power plant operator, from FTAI Infrastructure (FIP.O) for $1.5 billion (including debt). This marks a significant step in the Bitcoin miner’s effort to transform into a digital infrastructure and energy company. The acquisition is expected to close in late 2026, subject to approvals from regulatory bodies including the Federal Energy Regulatory Commission (FERC). The company stated that the $1.5 billion transaction includes the assumption of approximately $785 million in existing debt, while Long Ridge’s power assets generate approximately $144 million in annual adjusted earnings.
Bernstein Issues Divergent Ratings on Bitcoin Miners' AI Transition: Positive on CleanSpark's Execution, MARA Awaiting Key Contract
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
MARA Transfers 6,000 BTC to TwoPrime, Possibly an Asset Management Operation
According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), Bitcoin mining company MARA transferred 6,000 BTC (approximately $384.6 million) to TwoPrime within the past 5 hours. Currently, MARA holds a total of 36,303 BTC (approximately $2.34 billion).
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Multiple listed companies are abandoning their bitcoin reserve strategies, with Bitdeer, Prenetics, and others having fully liquidated their BTC holdings
Odaily Odaily报道，VanEck数字资产研究主管Matthew Sigel在X平台发文表示，自2026年以来，多家采用数字资产财库（DAT）策略的上市公司已放弃或调整比特币储备策略。其中，Satsuma Technology、Bitdeer、Prenetics、Genius Group、Vaultz Capital、MAIA Biotechnology等公司已出售全部比特币或数字资产持仓；MARA Holdings、Strategy、Nakamoto、Smarter Web Company、Cango等则通过出售部分比特币用于偿债、回购股份或补充营运资金。此外，Exodus、DigitalX等企业也由单纯囤币转向主动管理数字资产持仓。
Bitcoin mining company MARA Holdings has purchased 1,000 BTC from FalconX for approximately $66.7 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Bitcoin mining company MARA Holdings has purchased 1,000 BTC from crypto liquidity platform FalconX, for a total value of approximately $66.7 million.
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026—more than the entire year of 2025
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
Permissions opened: MARA Slipstream becomes a permissionless public service with no client software required
Bitcoin News posted on X platform, stating that MARA's Slipstream is now open as a permissionless public service, requiring no client software. This service is particularly important for users transferring funds from vulnerable COLDCARD wallets. Multi-signature spending exposes all public keys and spending conditions. If this transaction enters the public mempool, attackers can immediately match these keys against their pre-computed database of weak COLDCARD private keys, and if they control the majority of keys, broadcast a higher-fee double-spend transaction before the original transaction is confirmed. Slipstream submits transactions directly to miners, keeping them out of the public mempool until mined. MARA recommends using conservative fees to avoid transactions getting stuck. Aside from standard Bitcoin network fees, the service is currently free.
MARA spent $4.3 million on CEO security last fiscal year amid rising cryptocurrency-related physical attacks
According to Cointelegraph, Bitcoin mining company MARA Holdings spent $4.3 million on CEO Fred Thiel’s personal security in 2025, including $430,780 for vehicle armor, as well as residential and personal security expenses. Filings show related spending for 2024 totaled $191,040. In the same year, MARA also spent $3.9 million on CFO Salman Khan’s personal security. The report notes that personal safety costs for companies are rising amid an increase in “wrench attacks” targeting cryptocurrency executives and investors.
Bitcoin's Proposed Soft Fork BIP-54 Completes Specification, F2pool Will Not Support Early Activation
Odaily News: The specification for Bitcoin's proposed soft fork BIP-54 (Consensus Cleanup) was completed in May 2026, aiming to fix four consensus rule boundary issues without adding new Bitcoin features. On August 10, Wang Chun, co-founder of digital asset mining pool F2pool, stated that he does not support BIP-54. He said that if the proposal obtains the required majority through the standard BIP-9 process, F2pool will upgrade its mining nodes, but will not issue a signal of support ahead of time. BIP-54 has been tested in Bitcoin Inquisition, a Signet-based testing environment. Mining pools MARA and ViaBTC have voluntarily produced compatible coinbase transactions; the official activation parameters have not yet been determined, and the mainnet vote has not been completed. Previously, BIP-110, which attempted to restrict certain non-financial data in Bitcoin transactions, failed to gain sufficient miner support and stalled around block height 961,635; BIP-54 does not involve restricting general script functionality. (Bitcoin.com News)
Bitcoin miner MARA pledges 18,750 BTC for $750 million loan to expand AI and energy infrastructure
Odaily News – Bitcoin miner MARA Holdings disclosed in its latest quarterly SEC filing that it has pledged 18,750 BTC as collateral for two Bitcoin-backed loans, totaling $750 million in principal.Among these, financing provided by Coinbase Credit includes a refinancing of the original $150 million credit facility plus an additional $300 million in new funds; Two Prime Lending separately provided a $300 million loan. Both loans have been fully drawn, with a combined financing cost of approximately 7.56%, primarily maturing in August 2028.The pledged 18,750 BTC were valued at approximately $1.2 billion at the time of the transaction. If a decline in Bitcoin's price pushes the collateral ratio below the agreed level, MARA could face margin call requirements; otherwise, the related BTC may be subject to liquidation risk.The new funds will mainly be used for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a natural gas power plant in Ohio, USA, with an expected installed capacity of 505 MW, along with over 1,600 acres of industrial land. MARA plans to further develop the site into a base for Bitcoin mining, AI, and high-performance computing infrastructure. (Crowdfund Insider)
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
Bernstein Issues Divergent Ratings on Bitcoin Miners' AI Transition: Positive on CleanSpark's Execution, MARA Awaiting Key Contract
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
Bitcoin Mining Company MARA Q2 Earnings: Revenue Down 27% YoY, Net Loss of $611 Million
Bitcoin mining company MARA released its financial report for the second quarter of 2026. Revenue was $175 million, down 27% year-over-year; net loss was $611 million, and adjusted EBITDA was negative $361 million. Period-end hash rate increased 22% year-over-year to 70.3 EH/s, Bitcoin production increased 3% year-over-year to 2,422 BTC; Bitcoin holdings decreased 29% year-over-year to 35,577 BTC; total value of cash and Bitcoin was approximately $2.5 billion.
MARA CEO: AI Power Revenue Exceeds Bitcoin Mining, Will Continue Mining in Low-Cost Energy Regions
: MARA CEO Fred Thiel stated that power used for AI infrastructure can generate higher returns than Bitcoin mining, with the same amount of electricity dedicated to AI yielding more revenue. MARA still plans to continue mining in regions where low-cost or surplus energy is economically attractive. Thiel said that MARA began acquiring sites previously hosting mining rigs between late 2023 and early 2024, and by the end of 2024, it had owned infrastructure supporting approximately 70% of its operations. The company then shifted its focus to energy assets. MARA has partnered with Starwood to establish a platform, with a near-term target of approximately 1 GW of computing capacity, and plans exceeding 2.5 GW. In July, MARA also agreed to acquire a site in Texas that can access approximately 2 GW of power for digital infrastructure.
Related news
Norway’s sovereign wealth fund Bitcoin holdings surpass 11,549 BTC, setting a new all-time high
Odaily News: According to data from K33 Research Head Vetle Lunde, as of the end of the first half of 2026, Norway's sovereign wealth fund has increased its indirect Bitcoin exposure to 11,549 BTC—an all-time high—through holdings in companies such as Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla, valued at approximately $725 million. This exposure grew by 21.2% in the first half of the year and 60.5% over the past year, marking the sixth consecutive reporting period of increase.Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to approximately 9,914 BTC. As of June 30, the fund held about 1.17% of Strategy's shares. Metaplanet corresponds to 671 BTC, MARA to 421 BTC, and Coinbase, Block, and Tesla correspond to 183 BTC, 120 BTC, and 97 BTC, respectively.K33 notes that this exposure is likely not the result of the fund's active allocation to Bitcoin, but rather an indirect effect of its broadly diversified investment portfolio. The related Bitcoin exposure represents approximately 0.03% of the fund's total assets.Additionally, the fund has for the first time gained indirect ETH exposure through the Ethereum treasury company BitMine. As of June 30, it held 6.15 million shares of BitMine, valued at $88.3 million. Based on BitMine's current ETH holdings, this corresponds to indirect exposure of approximately 67,340 ETH.
Bitcoin's Proposed Soft Fork BIP-54 Completes Specification, F2pool Will Not Support Early Activation
Odaily News: The specification for Bitcoin's proposed soft fork BIP-54 (Consensus Cleanup) was completed in May 2026, aiming to fix four consensus rule boundary issues without adding new Bitcoin features. On August 10, Wang Chun, co-founder of digital asset mining pool F2pool, stated that he does not support BIP-54. He said that if the proposal obtains the required majority through the standard BIP-9 process, F2pool will upgrade its mining nodes, but will not issue a signal of support ahead of time. BIP-54 has been tested in Bitcoin Inquisition, a Signet-based testing environment. Mining pools MARA and ViaBTC have voluntarily produced compatible coinbase transactions; the official activation parameters have not yet been determined, and the mainnet vote has not been completed. Previously, BIP-110, which attempted to restrict certain non-financial data in Bitcoin transactions, failed to gain sufficient miner support and stalled around block height 961,635; BIP-54 does not involve restricting general script functionality. (Bitcoin.com News)
Bitcoin miner MARA pledges 18,750 BTC for $750 million loan to expand AI and energy infrastructure
Odaily News – Bitcoin miner MARA Holdings disclosed in its latest quarterly SEC filing that it has pledged 18,750 BTC as collateral for two Bitcoin-backed loans, totaling $750 million in principal.Among these, financing provided by Coinbase Credit includes a refinancing of the original $150 million credit facility plus an additional $300 million in new funds; Two Prime Lending separately provided a $300 million loan. Both loans have been fully drawn, with a combined financing cost of approximately 7.56%, primarily maturing in August 2028.The pledged 18,750 BTC were valued at approximately $1.2 billion at the time of the transaction. If a decline in Bitcoin's price pushes the collateral ratio below the agreed level, MARA could face margin call requirements; otherwise, the related BTC may be subject to liquidation risk.The new funds will mainly be used for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a natural gas power plant in Ohio, USA, with an expected installed capacity of 505 MW, along with over 1,600 acres of industrial land. MARA plans to further develop the site into a base for Bitcoin mining, AI, and high-performance computing infrastructure. (Crowdfund Insider)
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
MARA sold 23,093 bitcoins in the first half of 2026
According to Lookonchain, Bitcoin mining company MARA cumulatively sold 23,093 Bitcoins in the first half of 2026, totaling approximately $1.6 billion, at an average selling price of $70,631. Currently, MARA still holds 35,577 Bitcoins, valued at approximately $2.3 billion at current prices.
MARA pledges 18,750 BTC to secure $600 million in new debt, expanding power generation and AI infrastructure business
: Bitcoin mining company MARA completed two loans on August 4, pledging 18,750 BTC to secure $600 million in new debt for expanding its power generation and AI infrastructure business. The collateralized assets were valued at approximately $1.2 billion at the time of the transaction. The combined principal of the two loans totals $750 million, with Coinbase Credit providing $450 million, including a refinancing of the existing $150 million credit facility and an additional $300 million; Two Prime Lending separately provided $300 million. Both loans have been fully drawn. The Coinbase loan carries an interest rate of the midpoint of the Federal Reserve's target rate range plus 3.875 percentage points, with a maturity date of August 4, 2028; the Two Prime loan carries a fixed interest rate of 7.65%, with a maturity date of August 3, 2028. Assuming the principal remains unchanged, the annual interest expense on the two loans is approximately $56.7 million. MARA stated that the loan proceeds will be used for general corporate purposes, including part of the cash consideration for the acquisition of Long Ridge Energy & Power LLC. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a 505-megawatt gas-fired power plant and more than 1,600 acres of industrial land, which MARA plans to use for power generation, Bitcoin mining, and potential AI and high-performance computing campuses.