MARA follows Saylor’s playbook with Two Prime deal, BTC allocation grows
MARA Holdings has acquired an equity stake in Two Prime, which includes an allocation of 2,000 BTC for its yield strategy.
Bitcoin mining company MARA Holdings has completed a minority acquisition of Two Prime, an institutional investment adviser managing $1.75 billion in assets, in a deal that significantly increases the amount of BTC Two Prime manages on MARA’s behalf.
The minority stake included a $20 million equity investment in Two Prime, with MARA increasing its Bitcoin (BTC) allocation with the company to 2,000 BTC from 500 BTC, MARA said Tuesday. The Bitcoin will be held in a Separately Managed Account and used to generate yield on MARA’s behalf.
Two Prime is an investment adviser registered with the US Securities and Exchange Commission (SEC). The company helps institutions and professional investors gain exposure to Bitcoin.
