Two Prime Reports Record $827M in Bitcoin-Backed Loans for Q3, Total Commitments Exceed $2.5B
Two Prime Lending recorded its strongest quarter yet, issuing $827 million in bitcoin-backed loans during Q3 2025, bringing total loan commitments to $2.55 billion since its launch in March 2024, the company announced Thursday.
The lending subsidiary of digital asset investment manager Two Prime has established itself as one of the largest institutional bitcoin lenders globally, providing credit and liquidity solutions to miners, trading firms, hedge funds, and corporate treasuries. Earlier this year, the firm received $20 million in backing led by bitcoin miner MARA Holdings (MARA) to expand its lending capacity.
Clients include several publicly listed firms such as CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). Two Prime attributed its rapid growth to competitive loan structures, strong collateral management, and rising institutional interest in bitcoin-based financing.
“Our record-breaking quarter reflects the deepening institutional adoption of bitcoin,” said Alexander S. Blume, CEO and co-founder of Two Prime. “As corporate treasuries, funds, and sovereign entities increase their bitcoin exposure, we’re providing the infrastructure to unlock liquidity and generate risk-adjusted returns in a compliant framework.”
Blume added that the company’s lending and derivatives platform is designed to bridge the gap between traditional financial systems and the emerging digital asset economy — a trend expected to accelerate as bitcoin continues to mature as an institutional asset class.
