Two Prime Lending issued record bitcoin-backed loans of $827 million in the third quarter of 2025, bringing the total volume of committed loans to $2.55 billion since their launch in March 2024, the company announced Thursday.
The lending arm of investment advisor Two Prime has established itself as one of the world’s largest bitcoin-backed lenders, serving institutions such as miners, hedge funds, trading firms and digital asset treasuries. It received $20 million in backing, led by Bitcoin miner MARA Holdings (MARA) earlier this year.
Two of Prime’s lending clients include publicly traded names like CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). Two Prime attributes its growth to competitive pricing and satisfying institutions seeking yield and risk management.
In the emailed announcement Thursday, CEO and co-founder Alexander S. Blume said the company’s success reflects the growing institutional adoption of bitcoin and demand for sophisticated lending and derivatives solutions.
“As more and more institutions – including large corporate treasuries, mining companies, hedge funds, endowments, pension funds and sovereign wealth funds – buy and hold bitcoin, Two Prime has developed sophisticated lending and derivatives strategies to generate risk-adjusted returns for these institutions.”
