PANews, July 15 news, according to CoinDesk, Bitcoin mining company Marathon Digital (MARA) led a $20 million equity financing for digital asset management company Two Prime, with participation from Susquehanna Crypto. MARA also announced that it will increase its Bitcoin Position managed by Two Prime from 500 coins to 2000 coins, valued at approximately $234 million at current market prices.
Two Prime is a U.S. SEC-registered investment advisor, managing assets totaling $1.75 billion, with a yield strategy focused on institutional-level risk management. The company’s lending business was recently rated by Galaxy Research as the largest centralized financial lending platform in the U.S. The CFO of MARA stated that this increase in holdings aims to transform Bitcoin from a passive holding asset into an active yield-generating tool.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
