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)
You may also like
Gainers
Latest Crypto News
The US Bank has approved a wealth advisor's recommendation for investors to allocate 1%–4% of their assets to cryptocurrency.
Sonnet Biotherapeutics Receives Shareholder Approval to Merge with Hyperliquid Strategies
CZ: Predicts More All-Time Highs Coming Soon, Exact Timing Unknown
「Rising Star 100% Win Rate Trader」 Goes Short with 40x Leverage on 500 BTC
「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com