Two Prime Sets New Record With $827M in Q3 Bitcoin-Backed Loans, Surpasses $2.5B in Total Commitments
Two Prime Lending has posted a record quarter, issuing $827 million in bitcoin-backed loans during the third quarter of 2025, lifting its total committed loan volume to $2.55 billion since its launch in March 2024, the company reported Thursday.
The firm — a lending affiliate of digital asset investment manager Two Prime — has solidified its position among the largest institutional bitcoin lenders globally. Its clients include a mix of miners, trading firms, hedge funds, and corporate treasuries, reflecting the growing integration of digital assets within traditional financial frameworks.
Earlier this year, bitcoin miner MARA Holdings (MARA) led a $20 million funding round in Two Prime, bolstering its institutional lending capacity and capital reserves.
The company’s lending book features names such as CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). Two Prime attributes its expansion to competitive lending structures and tailored risk management solutions designed for institutional bitcoin holders seeking yield.
“Our record-breaking quarter underscores the rapid evolution of institutional participation in the bitcoin economy,” said Alexander S. Blume, CEO and co-founder of Two Prime. “As corporate treasuries, miners, and funds deepen their exposure to bitcoin, we’ve built the infrastructure to provide liquidity and structured credit products that align with institutional standards.”
Blume added that the firm’s continued growth points to the normalization of bitcoin as a balance sheet asset and a viable source of collateral within regulated financial systems.
