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By Parikshit Mishra, James Van Straten|Edited by Parikshit Mishra
Updated May 22, 2025, 12:26 p.m. Published May 22, 2025, 11:00 a.m.
- Bitcoin miner MARA Holdings will provide 500 BTC to broker Two Prime to generate yields, enhancing their partnership.
- MARA’s recent earnings missed Wall Street estimates, but analysts praised its cost-cutting measures.
- Public bitcoin miners sold 115% of their production in April, the highest since the end of the 2022 bear market.
Bitcoin (BTC) miner MARA Holdings (MARA) will provide 500 BTC to broker Two Prime for generating yields, the companies said on Thursday.
The deal will enhance the existing partnership between the two crypto firms, the SEC-registered Two Prime has provided bitcoin-backed loans to MARA.
STORY CONTINUES BELOW
Recently, MARA announced its first-quarter results which missed Wall Street-estimates. However, the company’s focus on cost-cutting was viewed positively by analysts.
Read more: Bitcoin Miner MARA Stock Surges Despite Earnings Miss as Analysts Applaud Cost Cutting
“MARA has one of the largest bitcoin corporate treasuries in the world, and they’re setting the standard for how institutional holders can responsibly unlock its value,” Two Prime CEO, Alexander Blume said in a press release.
“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,” Blume added.
Last month, many listed bitcoin miners were forced to cash out some of their holdings, according to TheMinerMag. The mining news outlet’s latest research revealed that public miners sold 115% of their bitcoin production in April — meaning they sold more than they produced. That is the highest ratio since the tail end of the 2022 bear market.
Read more: Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge
UPDATE (May 22, 11:00 UTC): Adds comment from Two Prime and background on bitcoin miners.
Parikshit Mishra is CoinDesk’s Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
