PANews reported on May 22 that according to CoinDesk, MARA Holdings (MARA) announced that it will provide 500 BTC (approximately $55.35 million) to the compliant broker Two Prime for revenue generation. This cooperation is based on the existing lending relationship between the two parties - Two Prime has previously provided Bitcoin-collateralized loan services for MARA.
Although MARA's first-quarter financial report did not meet Wall Street expectations, its cost-cutting measures were appreciated by analysts. This cooperation may aim to optimize cash flow through Bitcoin asset allocation. As a US SEC-registered institution, Two Prime will assist MARA in exploring Bitcoin revenue strategies within a compliant framework.
