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.
