Two Top Lending issued file-breaking bitcoin-backed loans of $827 million in Q3 2025, bringing its total dedicated mortgage quantity to $2.55 billion since launching in March 2024, the firm acknowledged on Thursday.
The lending affiliate of investment adviser Two Top has established itself as some of the very best bitcoin-backed lenders globally, serving institutions equivalent to miners, hedge funds, shopping and selling firms, and digital asset treasuries. It bought $20 million backing led by bitcoin BTC$122,333.73 miner MARA Holdings (MARA) earlier this yr.
Two Top’s lending potentialities encompass publicly listed names like CleanSpark (CLSK), Hut 8 (HUT), Kindly MD (NAKA) and Fold (FLD). Two Top attributes its boost to competitive charges and catering to institutions seeking out yield and risk administration.
CEO and Co-Founder Alexander S. Blume acknowledged the firm’s success displays rising institutional adoption of bitcoin and the demand for complicated lending and derivatives choices in Thursday’s emailed announcement.
“As extra institutions — including colossal corporate treasuries, miners, hedge funds, endowments, pensions funds, and sovereign wealth funds — aquire and retain bitcoin, Two Top has developed sophisticated lending and derivatives programs to generate risk-adjusted yield for these institutions.”
