Two Prime Sets New Record With $827 Million in Bitcoin-Backed Loans for Q3

Two Prime Hits Record $827M in Q3 Bitcoin-Backed Loans, Total Commitments Top $2.5B

Two Prime Lending recorded a new quarterly high in bitcoin-backed loans, issuing $827 million in Q3 2025, bringing its total committed volume to $2.55 billion since its launch in March 2024, the firm announced Thursday.

The lending arm of digital asset investment adviser Two Prime has quickly become one of the world’s largest institutional bitcoin lenders, serving a client base that includes miners, hedge funds, trading firms, and corporate treasuries. Earlier this year, it secured $20 million in strategic funding led by bitcoin miner MARA Holdings (MARA).

Notable clients include CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). Two Prime attributes its rapid expansion to competitive lending rates and growing institutional demand for yield generation and risk management products.

“Our record quarter underscores accelerating institutional adoption of bitcoin,” said Alexander S. Blume, CEO and co-founder of Two Prime. “As more entities — from miners and hedge funds to pensions and sovereign wealth funds — integrate bitcoin into their portfolios, we’re focused on delivering sophisticated lending and derivatives solutions that generate stable, risk-adjusted yield.”

The firm’s continued growth highlights bitcoin’s deepening role in institutional finance as digital assets become increasingly integrated into global capital markets.

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