Bitcoin (BTC) Miner Mara Holdings (Mara) will provide 500 BTC to negotiate two cousins to generate yields, companies said Thursday.
The agreement will improve the existing association between the two cryptographic companies, the two cousins registered in the SEC have provided loans supported by Bitcoin to Mara.
Recently, Mara announced her results of the first quarter that lost Wall Street-Easimates. However, the company’s approach at cost reduction was positively seen by analysts.
Read more: Bitcoin Miner Mara Stock increases despite the profits to the lady since analysts applaud the costs.
“Mara has one of the largest Bitcoin corporate treasury bonds in the world, and they are establishing the standard of how institutional holders can responsibly unlock their value,” said two CEO of Prime, Alexander Blume in a press release.
“This expanded association is more than a single performance: it is about building a model for capital efficiency, transparency and innovation of risks in digital asset management,” Blume added.
Last month, many Bitcoin miners on the list were forced to collect some of their holdings, according to Theminermag. The latest investigation of the Mining News Outlet revealed that public miners sold 115% of their Bitcoin production in April, which means they sold more than they produced. That is the highest relationship since the end of the Bear 2022 market.
Read more: Bitcoin’s miners sold a BTC record amount before the increase in May prices
Update (May 22, 11:00 UTC): Add comments from two first and background on Bitcoin miners.
