According to PANews, Bitcoin mining company Marathon Digital has led a $20 million equity financing round for digital asset management firm Two Prime. Other participants in the funding include Susquehanna Crypto. Marathon Digital also announced an increase in its Bitcoin holdings managed by Two Prime from 500 to 2,000 units, valued at approximately $234 million at current market prices.
Two Prime, registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor, manages assets totaling $1.75 billion. The firm's revenue strategy focuses on institutional-grade risk management. Recently, Galaxy Research recognized Two Prime's lending business as the largest centralized finance lending platform in the United States.
Marathon Digital's Chief Financial Officer stated that the increase in Bitcoin holdings aims to transform the cryptocurrency from a passive asset into an active revenue-generating tool.