MARA, the bitcoin mining giant, is posting some of its bitcoin holdings to investment adviser Two Prime as a way to earn yield.
Why it matters: Bitcoin treasuries on the balance sheet of public companies is becoming a whole thing, led by Michael Saylor's Strategy.
What they're saying: "This expanded partnership is about more than just yield – it's about building a model for capital efficiency, transparency, and risk-aware innovation in digital asset management," Alexander Blume, CEO of Two Prime, said in a statement.
MARA, which is putting 500 BTC (roughly $55 million) with Two Prime to earn yield, has already worked with the firm to post BTC for collateral-backed loans.
It's a recursive HODL strategy that's expanding beyond bitcoin to other digital assets, and it's something that works great as long as prices keep appreciating.
This strategy sounds like it could be directionally similar, but without the compounding risk.
