Two Prime Achieves Record $827 Million Volume in Q3 Crypto-Backed Loans

Two Prime Sets Record $827M in Q3 Bitcoin-Backed Loans as Institutional Demand Accelerates

Two Prime Lending reported a record-breaking $827 million in bitcoin-backed loans during Q3 2025, pushing its total loan commitments to $2.55 billion since launching in March 2024, the firm announced Thursday.

The lending arm of digital asset investment adviser Two Prime has rapidly become one of the leading institutional bitcoin lenders, serving clients across the mining, hedge fund, trading, and corporate treasury sectors. The firm earlier secured a $20 million investment led by bitcoin miner MARA Holdings (MARA) to strengthen its lending operations.

Two Prime’s client base includes CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA), and Fold (FLD). The company attributes its record quarter to rising institutional participation in bitcoin markets, alongside competitive loan structures and robust risk management frameworks.

“Our record quarter highlights the continued institutionalization of bitcoin,” said Alexander S. Blume, CEO and co-founder of Two Prime. “As more corporations, funds, and sovereign entities integrate bitcoin into their balance sheets, we’re focused on delivering secure, yield-generating credit solutions designed for institutional use.”

Two Prime’s growth reflects the accelerating shift toward bitcoin-backed financial products, with the firm positioning itself as a bridge between traditional credit infrastructure and digital asset markets.