Two Prime Announces $20 Million Equity Investment Led by Marathon Digital Holdings (MARA)

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 15, Two Prime announced a $20 million equity investment led by Marathon Digital Holdings, Inc. (NASDAQ:MARA), bolstering the existing relationship between the two companies.

Two Prime is an SEC-registered investment advisor and institutional lender and has total assets under management worth around $1.75 billion.

The investment round also includes additional participation from Susquehanna Crypto. In addition, it builds on Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) previously announced allocation, increasing it from 500 BTC to 2,000 BTC, into Two Prime’s institutional yield strategies.

The transaction also formalizes Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) equity stake in Two Prime. It marks a notable growth-stage investment with Two Prime scaling its institutional offerings.

Alexander Blume, CEO of Two Prime, stated that with bitcoin becoming a significant part of corporate and sovereign balance sheets, institutions are reassessing ways of deploying it strategically.

In this backdrop, Marathon Digital Holdings, Inc.’s (NASDAQ:MARA) investment highlights “a broader shift toward active, yield-focused bitcoin strategies that meet institutional standards,” making it a “long-term alignment around vision, risk management, and innovation.”

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company that mines cryptocurrencies with a focus on the Bitcoin ecosystem.

The company also operates bitcoin mining facilities or data centers, offers advisory and consulting services to support bitcoin mining ventures in international and domestic jurisdictions, generates electricity from renewable energy sources to power bitcoin mining, and sells proprietary software or technology to third parties in the bitcoin ecosystem.

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Disclosure: None. This article is originally published at Insider Monkey.