Bitcoin mining company Mara Holdings has completed the acquisition of two Prime minorities, managing $1.75 billion in assets in a transaction that will significantly increase the amount of BTC managed by Two Prime on behalf of Mara.
Minority stocks include $20 million in equity investments in two primes, with Mara increasing its Bitcoin (BTC) allocation from 500 BTC to 2,000 BTC. Bitcoin is held in an individually managed account and is used to generate yields on behalf of Mara.
The two Primes are investment advisors registered with the US Securities and Exchange Commission (SEC). The company helps institutions and professional investors get exposed to Bitcoin.
Mara holds one of the world’s largest Bitcoin Treasury Ministry, and was initially built through self-recruitment work. As reported by Cointelegraph, the company later announced plans to sell its shares to acquire additional Bitcoin, a play reminiscent of Michael Saylor’s strategy.
Mara’s Chief Financial Officer Salman Khan said the strategy is part of the company’s wide-ranging efforts to stimulate the Bitcoin balance, including using BTC as merely a “passive asset associated with price increases.”
Related: 10 public companies that quietly transformed their balance sheet into Bitcoin finances
Mara faces mixed results in post-harving landscapes
Like some mining companies, Mara has experienced mixed results following Bitcoin’s recent 4th dimension half, reducing block rewards by 50%. The decline in revenue potential, coupled with rising energy and equipment costs, has put pressure on miners’ profitability.
For Mara, this translated to a net loss of $533 million in the first quarter, but revenues rose nearly 30% to $214 million.
As reported by Cointelegraph, rationalizing electricity costs has become a key profitability driver in a post-harving environment.
To meet these challenges, several miners, including Core Scientific and Hive Digital, have begun pivoting their business models into AI data centers that host and reuse infrastructure for high-performance computing (HPC) workloads.
However, the future of Core Scientific in Bitcoin Mining is less certain after CoreWeave acquires it in a $9 billion all-stock transaction. CoreWeave said it could “reuse” Core Scientific assets to HPC or sell cryptographic operations entirely.
Related: Despite record highs, the S&P 500 is down in Bitcoin terms
