Bitcoin mining company MARA leads $20 million equity financing for Two Prime to enhance BTC revenue strategy

According to CoinDesk, Bitcoin mining company Marathon Digital (MARA) is leading 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 holdings managed by Two Prime from 500 to 2000, valued at approximately $234 million at current market prices. Two Prime is a registered investment advisor with the SEC in the United States, managing assets of $1.75 billion and focusing on institutional level risk management in its return strategy. The company's lending business has recently been rated by Galaxy Research as the largest centralized financial lending platform in the United States. The Chief Financial Officer of MARA stated that this increase in holdings aims to transform Bitcoin from a passive holding asset to an active income generating tool.