Fred Thiel Celebrates As Soaring Bitcoin Sends Marathon Holdings’ Market Cap To A Record High: ‘Must Be Something Still To Come To Top Off MARA’s 2024…Or?’
Fred Thiel, CEO of Marathon Holdings (NASDAQ:MARA), expressed gratitude for the company’s achievements this Thanksgiving, highlighting a record market cap and mining success.
What Happened: Thiel took to social media on Friday to commend the efforts of his team at MARA. As per Benzinga Pro, MARA reached a market cap of $9.03 billion as of Friday’s pre-market hours. This comes on the heels of Bitcoin (CRYPTO: BTC) rising steadily and reaching a $96,000 level. At the time of writing, BTC was valued at $97,375.73.
Meanwhile, other companies with significant bitcoin holding such as MicroStrategy Inc. (NASDAQ:MSTR) clocked a market cap of $93.99 billion while Coinbase Global Inc. (NASDAQ:COIN) clocked a market cap $80.87 billion.
In July, MARA Holdings opted for a “full HODL” strategy for its Bitcoin treasury policy and retailed all Bitcoin mines while periodically making strategic open market purchases.
On Thursday, MARA expanded its Bitcoin holdings by issuing $1 billion in …
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