Two Prime, an SEC-registered funding adviser and institutional lender managing round $1.75 billion in belongings, stated it secured a $20 million fairness funding in a spherical led by bitcoin (BTC) miner MARA Holdings (MARA).
Along with taking an fairness stake in 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 corporate, 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 remodel its bitcoin holdings into an energetic asset that generates returns, fairly than relying solely on value appreciation, MARA CFO Salman Khan stated in the discharge.
Two Prime’s yield choices are tailor-made for institutional traders, prioritizing capital preservation and risk-adjusted returns. The agency’s lending arm was just lately ranked the largest centralized-finance lender in the U.S. by Galaxy Analysis, signaling sturdy momentum as digital belongings turn into central to treasury administration.
Susquehanna Crypto additionally participated in the funding spherical.
