Institutions are putting Bitcoin to work to earn yield. Today $MARA announced a $20M investment in @Two_Prime and an expansion of their Bitcoin yield strategy from 500BTC to 2000BTC. https://t.co/MQrcJXI27Z
[COINDESK] Bitcoin Miner MARA Leads $20M Investment Round in Two Prime, Boosts BTC Yield Strategy $MARA $BTC
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $MARA MARA Leads $20M Investment in Two Prime to Boost Institutional Bitcoin Yield Strategies https://t.co/ccFZYtr7Sw
Bitcoin miner Marathon Digital Holdings has taken a $20 million equity stake in crypto investment adviser Two Prime, leading the firm’s latest funding round. The transaction deepens a relationship that began in May, when Marathon placed 500 bitcoin with Two Prime to generate yield. Marathon has now increased that allocation to 2,000 bitcoin, underscoring its strategy of putting a larger portion of its digital asset treasury to work in yield-generating products. The company said the expanded partnership is intended to provide additional income streams alongside its core mining operations.