Bitcoin mining company MARA leads $20 million equity financing for Two Prime to enhance BTC yield strategy
Powered by ChatGPTOn July 15, according to CoinDesk, Bitcoin mining company Marathon Digital ($MARA) led a $20 million equity financing in digital asset management company Two Prime, with participation from Susquehanna Crypto. $MARA also announced that it would increase its Bitcoin position entrusted to Two Prime from 500 to 2,000, which is worth about $234 million at the current market price. Two Prime is a registered investment advisor with the US SEC, with $1.75 billion in assets under management. Its income strategy focuses 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 United States. $MARA's chief financial officer said that the increase in holdings is aimed at transforming Bitcoin from a passive holding asset to an active income-generating tool. [PANews]