Two Prime Lending issued a record $827 million worth of bitcoin-backed loans in the third quarter of 2025, bringing its total committed loan volume to $2.55 billion since its launch in March 2024, the company said Thursday.
The lending subsidiary of investment advisor Two Prime has established itself as one of the largest bitcoin-backed lenders in the world, serving institutions such as miners, hedge funds, trading companies and digital asset treasuries. Received $20 million in bitcoin-led backing mining company MARA Holdings (MARA) earlier this year.
Two Prime’s lending clients include publicly traded names such as CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). Two Prime attributes its growth to competitive rates and serving institutions seeking performance and risk management.
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 in the emailed announcement Thursday.
“As more institutions, including large corporate treasuries, miners, hedge funds, endowments, pension funds and sovereign wealth funds, purchase and hold bitcoin, Two Prime has developed sophisticated lending and derivatives strategies to generate risk-adjusted returns for these institutions.”
