According to CoinDesk, on July 15, 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 to 2,000 Bitcoin, valued at approximately $234 million based on current market prices.
Two Prime is a registered investment advisor with the SEC in the United States, managing assets totaling $1.75 billion, and its revenue strategy focuses on institutional-level risk management. The company's lending business was recently rated by Galaxy Research as the largest centralized finance 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 income-generating tool.
