{"id":39462,"date":"2025-07-30T04:32:06","date_gmt":"2025-07-30T04:32:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39462"},"modified":"2025-07-30T04:32:06","modified_gmt":"2025-07-30T04:32:06","slug":"mara-ceo-fred-thiel-says-when-lots-of-companies-start-buying-bitcoin-the-advantage-disappears-kudos-to-saylor-but-they-cant-all-be-successful","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39462","title":{"rendered":"MARA CEO Fred Thiel Says When &#8216;Lots Of Companies&#8217; Start Buying Bitcoin, The Advantage Disappears: &#8216;Kudos To Saylor&#8230;But They Can&#8217;t All Be Successful&#8217;"},"content":{"rendered":"<div>\n<p><strong>Fred Thiel<\/strong>, CEO of\u00a0<strong>MARA Holdings Inc.<\/strong>\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MARA#NASDAQ\">MARA<\/a>), expressed reservations Tuesday about the future success of the <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) treasury play popularized by <strong>Michael Saylor\u2019s<\/strong> <strong>Strategy Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>).<\/p>\n<p><strong>What Happened<\/strong>: During the company\u2019s second-quarter earnings call, Thiel praised Saylor and his team for pioneering the Bitcoin treasury strategy, but voiced concerns about the risk of market saturation.<\/p>\n<p>\u201cYou know, kudos to Michael and his team, for what they&#8217;ve done there. But any advantage in any market starts disappearing when you have lots of companies going after it,\u201d he said. \u201cThey can&#8217;t all be successful.\u201d<\/p>\n<p>Thiel feared that companies might be forced to sell their coins when their mNAV\u00a0drops to one or even goes negative. For the curious, mNAV is the ratio of the company\u2019s market capitalization to the market value of Bitcoin it owns.<\/p>\n<p><strong>See Also:\u00a0<a href=\"https:\/\/benzinga.com\/crypto\/cryptocurrency\/25\/07\/46677711\/anthony-scaramucci-says-itll-be-a-big-deal-if-jamie-dimon-led-jpmorgan-allows-lending-again\" target=\"_blank\" ...><\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46711367\/mara-ceo-fred-thiel-says-when-lots-of-companies-start-buying-bitcoin-the-advantage-disappea\" alt=\"MARA\" ceo fred thiel says when of companies start buying bitcoin the advantage disappears: to saylor...but they can all be successful>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fred Thiel, CEO of\u00a0MARA Holdings Inc.\u00a0(NASDAQ:MARA), expressed reservations Tuesday about the future success of the Bitcoin (CRYPTO: BTC) treasury play popularized by Michael Saylor\u2019s Strategy Inc. (NASDAQ:MSTR). What Happened: During the company\u2019s second-quarter earnings call, Thiel praised Saylor and his team for pioneering the Bitcoin treasury strategy, but voiced concerns about the risk of market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39462","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39462"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39462\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}