Bitcoin (BTC) Miner Mara Holdings (Mara) will give 500 BTC to the broker two prime to generate yields, companies said on Thursday.
The deal will improve the existing partnership between the two crypto companies, SEC-registered two prime has provided Bitcoin-supported loans to Mara.
Recently, Mara announced her results in the first quarter that missed Wall Street estimates. However, the company’s focus on cost savings was seen positively by analysts.
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“Mara has one of the biggest Bitcoin business treasures in the world, and they set the standard for how institutional holders are responsible to unlock her value,” two primary CEO, Alexander Blume said in a press release.
“This extended partnership is about more than just yield-it is about building a model for capital efficiency, transparency and risk-through innovation in digital asset management,” Blume added.
Last month, many listed Bitcoin mine workers were forced to pay out some of their stocks, according to the Theminer Taste. Mining News Outlet’s latest research revealed that public miners sold 115% of their Bitcoin production in April – which means they sold more than they produced. It is the highest relationship since the end of the tail of the 2022 bear market.
Read more: Bitcoin -Mine workers sold a record quantity of BTC ahead of May’s Price Surge
Update (May 22, 11:00 ADC): Adds comment from two primary and backgrounds of Bitcoin mining workers.
