In a landmark gathering on Capitol Hill today, top cryptocurrency executives including Michael Saylor, Fred Thiel, and Charles Hoskinson are advocating for revolutionary legislation that would establish a U.S. strategic bitcoin reserve. Hosted by Republican lawmakers Senator Cynthia Lummis and Representative Nick Begich, this high-stakes roundtable aims to advance the BITCOIN Act through bipartisan support, framing bitcoin reserves as critical for national security and maintaining America’s economic competitiveness in the digital age.
about Crypto Leaders Push for U.S. Bitcoin Reserve on Capitol HillFred Thiel
0 posts last weekUS Lawmakers Meet Crypto Leaders to Advance BITCOIN Act
In a landmark move signaling growing institutional acceptance of cryptocurrency, US lawmakers are set to meet with 18 top crypto industry executives—including MicroStrategy’s Michael Saylor and Fundstrat’s Tom Lee—to advance the BITCOIN Act. This proposed legislation, championed by Senator Cynthia Lummis, aims to establish a Strategic Bitcoin Reserve by acquiring one million BTC over five years through budget-neutral methods, potentially reshaping the nation’s monetary strategy.
about US Lawmakers Meet Crypto Leaders to Advance BITCOIN ActBitcoin Treasury Market Nears Saturation, Says Marathon CEO
Fred Thiel, CEO of Marathon Digital, one of the largest Bitcoin mining firms, predicts a slowdown in the Bitcoin treasury business model due to market saturation. He explains that companies converting into BTC treasuries are struggling to maintain leveraged returns as competition increases and multiples to net asset value (NAV) decline. Recent entrants like ProCap BTC, Cardone Capital, and MetaPlanet face growing challenges as capital flows to the highest returns, squeezing profitability. Thiel suggests that without Bitcoin price appreciation, the model may become unsustainable.
about Bitcoin Treasury Market Nears Saturation, Says Marathon CEOMARA’s $5.4B Bitcoin Treasury Nears 50K BTC Milestone
MARA (Marathon Digital) has significantly increased its Bitcoin holdings to 49,940 BTC, nearing a corporate milestone and reinforcing a market trend where miners retain their mined assets. With a treasury valued at $5.4 billion, MARA is now the second-largest public corporate holder of Bitcoin, behind only MicroStrategy. This shift highlights a broader behavioral change in the mining sector, where miners are increasingly adopting long-term holding strategies, reducing sell pressure and tightening market supply. MARA’s CEO, Fred Thiel, emphasized the company’s focus on vertical integration to improve cost-efficiency, despite new challenges like competition for energy from the AI sector. Investors will closely watch MARA’s Q2 earnings report, with analysts forecasting a loss per share of $-0.41.
about MARA's $5.4B Bitcoin Treasury Nears 50K BTC MilestoneMARA Holdings’ Bitcoin Mining Drops 25% in June
MARA Holdings, a Florida-based Bitcoin mining firm, saw a 25% drop in production in June, mining 713 BTC compared to May’s 950 BTC. The decline was attributed to weather-related curtailment at its Texas facility and the temporary use of older mining machines. Despite the setback, MARA plans to expand its network capacity by 40% to 75 exahashes by year-end. The company holds 49,940 BTC, valued at over $5 billion, and remains committed to aggressive Bitcoin accumulation strategies, including a recent $2 billion stock offering. Bitcoin mining difficulty has risen, reflecting broader industry challenges.
about MARA Holdings' Bitcoin Mining Drops 25% in JuneMarathon in Talks with Exxon, Aramco for Flare-Gas Bitcoin Mining
Marathon Digital Holdings could be partnering with Exxon Mobil and Saudi Aramco to use flare-gas for Bitcoin mining at oilfields, turning waste methane into a monetized asset. Marathon’s CEO, Fred Thiel, hinted at discussions with top energy firms, aligning with Exxon’s past pilot with Crusoe Energy and Aramco’s recent MoUs. The company’s mobile mining infrastructure is already proven in Texas, avoiding grid competition and qualifying for methane credits. Regulatory pressures, like the U.S. methane emissions fee, and post-halving margin compression make flare-gas mining an attractive option. While skepticism remains due to lack of official confirmations, a deal could shift the industry’s focus from feasibility to scalability.
about Marathon in Talks with Exxon, Aramco for Flare-Gas Bitcoin MiningMARA Holdings Hits Record 950 Bitcoin in May, Up 35%
MARA Holdings, formerly Marathon Digital, set a new monthly record by producing 950 Bitcoin in May, a 35% increase from April. The company won 282 blocks, boosting its hashrate to 58.3 exahash per second, partly due to favorable block reward luck. MARA’s Bitcoin treasury now stands at 49,228 BTC, valued at $5.3 billion, aligning with its market cap. In contrast, Riot Platforms reported an 11% production increase to 514 BTC but sold 500 BTC. Bitcoin’s price surge and improved market conditions contributed to MARA’s strong performance, with its stock rising 5.6% following the announcement.
about MARA Holdings Hits Record 950 Bitcoin in May, Up 35%MARA Reports $533M Loss Amid Bitcoin Halving Impact
MARA Holdings reported a $533 million net loss in Q1 2025, largely due to a $510 million Bitcoin fair value adjustment as prices dropped. Revenue grew 30% year-over-year to $214 million but missed estimates. The firm’s Bitcoin production fell 19% post-halving, though holdings surged 174% to 47,531 BTC. CEO Fred Thiel emphasized long-term strategy over short-term metrics, citing Bitcoin’s role as a macro hedge. MARA maintains strong liquidity with $196M in cash and $4.1B in total assets. New crypto accounting rules amplified paper losses, though these are non-cash charges.
about MARA Reports $533M Loss Amid Bitcoin Halving ImpactHearing Scheduled to Address Impact of Operation Choke Point 2.0 on Crypto
The U.S. House Committee on Financial Services will hold a hearing on February 6th to investigate the alleged negative impacts of “Operation Choke Point 2.0,” which critics claim aims to suppress the crypto industry. Key witnesses include Coinbase’s chief legal officer Paul Grewal and MARA’s CEO Fred Thiel, who will discuss claims of government efforts to undermine crypto activities, including allegations of the FDIC destroying relevant documents. Senator Cynthia Lummis has raised concerns about whistleblower accounts of FDIC officials monitoring and restricting access to these materials.
about Hearing Scheduled to Address Impact of Operation Choke Point 2.0 on CryptoUS Senate Hearing Investigates Debanking Claims Against Banks and Crypto Industry
The US Senate Banking Committee is holding a hearing today to investigate claims of “debanking,” where businesses, particularly in the crypto sector, are denied banking services due to perceived risks. Testimonies will include Nathan McCauley, CEO of Anchorage Digital, who argues that regulatory pressures are stifling innovation in the crypto industry. The banking sector contends that their actions are driven by compliance with complex regulations, particularly around anti-money laundering and customer verification.
about US Senate Hearing Investigates Debanking Claims Against Banks and Crypto IndustryMARA CEO Recommends Long-Term Bitcoin Investment Strategy for Retail Investors
MARA Holdings CEO Fred Thiel advocates a long-term “invest and forget” strategy for Bitcoin, highlighting its historical growth and resilience. Despite BTC’s recent fluctuations, he notes that it has only closed lower at year-end three times in 14 years, encouraging retail investors to gradually accumulate Bitcoin. Institutional interest and potential regulatory advancements could further bolster Bitcoin’s legitimacy and price, while a recent poll indicates strong retail investor optimism for increased holdings by the end of 2025.
about MARA CEO Recommends Long-Term Bitcoin Investment Strategy for Retail InvestorsMARA CEO Predicts Bitcoin Growth to 200k Amid Institutional Adoption
MARA CEO Fred Thiel predicts Bitcoin could reach $200,000 by the end of 2025, driven by institutional adoption and favorable policy shifts. He encourages retail investors to adopt a long-term strategy, highlighting Bitcoin’s historical resilience and average annual appreciation of 29% to 50%. MARA Holdings ended 2024 with 44,893 BTC, reflecting a 15% increase in mining capacity, as optimism grows around regulatory changes that could benefit the digital asset sector.
about MARA CEO Predicts Bitcoin Growth to 200k Amid Institutional Adoption