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0 sats \ 0 replies \ @Bell_curve 7 Jan \ parent \ on: Bitcoin Miner MARA Lends 16% of Its 44,893 BTC Reserves bitcoin_Mining
3 arrow capital was over leveraged, Mara is not.
Worst case scenario is they lose 7377 btc minus any assets of the borrowers
edit: of course it looks bad if they lose 10 percent of the stack they lend but we don't know what collateral the borrowers have. Three Arrow Capital went belly up. Their founders went into hiding last I checked in 2022.