Bitcoin mining company MARA will provide 500 BTC to Two Prime to generate income

PANews reported on May 22 that according to CoinDesk, Bitcoin mining company MARA Holdings (MARA) announced that it will provide 500 BTC (about 55.35 million US dollars) to 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 mortgage services to MARA.

Although MARA's first-quarter financial report did not meet Wall Street expectations, its cost-cutting measures were recognized by analysts. This cooperation may be aimed at optimizing cash flow through Bitcoin asset allocation. As a US SEC registered institution, Two Prime will assist MARA in exploring Bitcoin's profit strategy within a compliance framework.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
18 minute ago
2 hour ago
4 hour ago
4 hour ago
4 hour ago
4 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读