Bitcoin miner MARA to allocate 500 BTC to Two Prime in expanded yield strategy
Quick Take
- The collaboration highlights a broader effort to set institutional standards in capital efficiency and digital asset management, as MARA leverages part of its 48,137 BTC treasury amid plans to raise $2 billion to further grow its holdings.
SEC-registered bitcoin investment advisor Two Prime has expanded its partnership with Nasdaq-listed MARA Holdings, formerly known as Marathon Digital. The bitcoin miner plans to allocate an initial 500 BTC to Two Prime's managed yield strategies, building on an existing partnership in which the advisor provides BTC-backed loans to MARA, the firms announced Thursday.
"MARA has one of the largest bitcoin corporate treasuries in the world, and they’re setting the standard for how institutional holders can responsibly unlock its value," Two Prime CEO Alexander Blume said in a press release. "This expanded partnership is about more than just yield – it’s about building a model for capital efficiency, transparency, and risk-aware innovation in digital asset management."
MARA is the largest publicly-traded crypto miner in the U.S. with a market capitalization of $5.7 billion, according to The Block's MARA price data. The company currently holds 48,137 BTC — second only to Strategy in terms of public corporate bitcoin holdings, Bitcointreasuries.net data shows.
MARA's first-quarter revenues rose to $214 million, up about $50 million from the previous year. However, it registered a net loss of $533 million, The Block previously reported. The company said in March it is seeking to sell up to $2 billion in stock offerings to expand its bitcoin holdings.
"We see this as a smart, measured way to make our bitcoin holdings work harder for shareholders," said Paul Giordano, MARA's vice president of digital asset management. "By allocating a portion of our treasury to Two Prime's strategies, we're aiming to enhance returns while maintaining the flexibility and security that remain central to our approach."
Two Prime generates alpha for institutional investors by designing and executing bespoke bitcoin derivatives strategies, the firm said, with access to $2.5 billion in capital.
MARA shares are down about 8% in the year-to-date period. The price of bitcoin, meanwhile, has appreciated about 11.5%, hitting a new all-time high Wednesday above $110,000.
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