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Digital asset management company Two Prime completes $20 million equity financing, led by MARA
Odaily News 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 approximately $234 million at current market prices. Two Prime is a U.S. SEC registered investment advisor with $1.75 billion in assets under management. Its income strategy focuses on institutional-level risk management. The companys lending business was recently rated by Galaxy Research as the largest centralized financial lending platform in the United States. MARAs chief financial officer said the increase is aimed at transforming Bitcoin from a passive holding asset to an active income-generating tool. (CoinDesk)
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