Two Prime, an SEC-registered funding adviser and institutional lender managing round $1.75 billion in property, stated it secured a $20 million fairness funding in a spherical led by bitcoin
miner MARA Holdings (MARA).
Along with taking an fairness stake within the agency, MARA raised the variety of bitcoin allotted for participation in Two Prime’s institutional yield methods to 2,000 BTC from 500 BTC, the adviser stated in a launch shared with CoinDesk.
The transfer comes as company, institutional, and sovereign entities intensify their curiosity in energetic bitcoin administration past passive holding. Two Prime CEO Alexander Blume described the funding as reflecting a shift towards yield-focused methods that meet institutional requirements for threat administration and transparency.
By rising the variety of bitcoin allotted to Two Prime, the miner goals to rework its bitcoin holdings into an energetic asset that generates returns, reasonably than relying solely on worth appreciation, MARA CFO Salman Khan stated within the launch.
Two Prime’s yield choices are tailor-made for institutional buyers, prioritizing capital preservation and risk-adjusted returns. The agency’s lending arm was not too long ago ranked the biggest centralized-finance lender within the U.S. by Galaxy Analysis, signaling sturdy momentum as digital property turn out to be central to treasury administration.
Susquehanna Crypto additionally participated within the funding spherical.
