For years, the strategy for digital asset treasury companies was straightforward: accumulate Bitcoin and hold. Now, those same balance sheets are becoming productive capital. Instead of leaving those holdings idle, digital asset treasury companies are borrowing against their Bitcoin to buy back shares or accumulate even more $BTC. That shift is contributing to growing demand for crypto lending. As Bitcoin traded within a narrow range, investors increasingly turned their attention to yield, leading to more inflows into @maplefinance and helping its loans reach an all-time high of $1.9B during the second quarter. The trend extends beyond treasury companies. Maple also received numerous enquiries from Bitcoin miners looking to borrow against their holdings, despite earlier signs that some were pivoting toward AI. These sources of demand helped push Maple to a record $1.9B in new loans over the quarter, led by digital asset treasury companies, alongside Bitcoin miners, prime brokers, and exchanges. $SYRUP 🧡🧡