MARA follows Saylors playbook with Two Prime deal, BTC allocation grows
News Source : Cointelegraph
News Summary
- Mara Holdings has completed a minority acquisition of Two Prime, an institutional investment adviser managing $1.75 billion in assets.
- The minority stake included a $20 million equity investment in Two Prime.
- MARA increased its Bitcoin allocation with the company to 2,000 BTC from 500 BTC.
- The Bitcoin will be held in a Separately Managed Account and used to generate yield on MARA’s behalf.Like several mining firms, MARA has experienced mixed outcomes following Bitcoin's recent quadrennial halving, which cut block rewards by 50%.
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 th [+2421 chars]
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