MARA Holdings, Expands Partnership with Two Prime to Increase Yield on Bitcoin AssetsThe company announced that it will expand its existing partnership with Two Prime, an SEC-registered investment advisor, to initially allocate 500 BTC to the yield strategy managed by Two Prime. Currently, Two Prime is offering Bitcoin-backed loans to MARA. The new initiative aims to translate this collaboration into a broader capital management model. "MARA has one of the largest institutional bitcoin coffers in the world. It sets the standard for how institutional investors can responsibly unlock the value of Bitcoin," said Alexander Blume, CEO of Two Prime. "We've built this partnership that focuses not only on benefits, but also on building a model in terms of transparency, risk awareness, and capital efficiency." MARA Holdings is the second-largest bitcoin holding company after Strategy with 48.137 BTC in publicly traded companies. The company has a market capitalization of about $5.7 billion. MARA, which earned $214 million in revenue in the first quarter of 2024, nevertheless, still posted a net loss of $533 million. In March, the company announced plans to sell up to $2 billion in shares to increase its Bitcoin reserves. "Investing more effectively in our Bitcoin holdings is a smart and balanced strategy for our shareholders," said Paul Giordano, Vice President of Digital Asset Management at MARA. Two Prime has access to $2.5 billion in capital by developing a Bitcoin derivatives strategy specifically designed for institutional investors. On the other hand, since the beginning of the year, the value of MARA shares has decreased by about %8, while the Bitcoin price has risen by %11.5 in recent days, surpassing $110,000, reaching a new all-time high.