Two Prime Posts Record $827M in Q3 Bitcoin-Backed Loans, Total Commitments Surpass $2.5B
Two Prime Lending posted its strongest quarter to date, issuing $827 million in bitcoin-backed loans during Q3 2025, pushing total loan commitments since its March 2024 launch to $2.55 billion, the company said Thursday.
The lending division of digital asset investment adviser Two Prime has quickly emerged as one of the leading institutional bitcoin lenders, catering to miners, hedge funds, trading desks, and corporate treasuries. Earlier this year, it raised $20 million in strategic capital led by bitcoin miner MARA Holdings (MARA) to expand its balance sheet and credit capabilities.
Two Prime’s client roster includes several listed firms such as CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). The firm credited its growth to a combination of competitive rates, risk-adjusted lending structures, and institutional demand for yield and liquidity solutions tied to bitcoin.
“Our record quarter reflects the accelerating pace of institutional bitcoin adoption,” said Alexander S. Blume, CEO and co-founder of Two Prime. “From corporate treasuries to hedge funds and sovereign wealth funds, we’re seeing sustained appetite for yield-generating strategies backed by bitcoin exposure.”
Blume added that the firm’s strategy centers on bridging traditional credit frameworks with digital asset collateral, a segment seeing rapid institutionalization as crypto markets mature.
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