Two Prime Hits Record $827 Million in Q3 Bitcoin-Backed Loans

Core Insights - Two Prime Lending issued record-breaking bitcoin-backed loans of $827 million in Q3 2025, increasing total committed loan volume to $2.55 billion since its launch in March 2024 [1][2] Company Overview - Two Prime has established itself as one of the largest bitcoin-backed lenders globally, serving institutions such as miners, hedge funds, trading firms, and digital asset treasuries [2] - The firm received $20 million backing led by bitcoin miner MARA Holdings earlier this year [2] Clientele and Growth Factors - Two Prime's lending clients include publicly listed companies like CleanSpark, Hut 8, Kindly MD, and Fold [3] - The company's growth is attributed to competitive rates and its focus on institutions seeking yield and risk management [3] Market Trends - The success of Two Prime reflects rising institutional adoption of bitcoin and the increasing demand for sophisticated lending and derivatives solutions [3][4] - As more institutions, including large corporate treasuries and sovereign wealth funds, purchase and hold bitcoin, Two Prime has developed advanced lending and derivatives strategies to generate risk-adjusted yield [4]