MARA CEO Fred Thiel Reiterated the Company’s Commitment to Bitcoin HODL Strategy

MARA Holdings Inc (NASDAQ:MARA) CEO Fred Thiel highlighted the company's unique position in the market during the first quarter earnings call on Thursday.

While discussing the company's commitment to its Bitcoin holding strategy, Thiel said that MARA is "distinguished" by its ability to offer shareholders returns from both its BTC play and its pure-play mining activities.

"What MARA is doing is a twin turbocharge strategy. And then when you drive a twin turbo engine, you see the benefit of both of the sides. So we're also mining, which generates Bitcoin, which we're holding, which is also going up in price. So you get both sides of the turbo engine," Thiel explained.

The decision to pivot to a "full HODL" strategy was based on careful analysis of market conditions and macroeconomic factors, which Thiel believes will yield long-term benefits for MARA stockholders.

"So I think we're going to continue to see things move up in Bitcoin longer term, which is why we are still in very much a full HODL position."

MARA adopted a buy-and-hold strategy in July of 2024, electing to retain all Bitcoin it mines and periodically making strategic open market purchases. In March, the firm disclosed plans to raise up to $2 billion through a stock offering to expand its Bitcoin treasury.

As of this writing, MARA is the second-largest corporate holder of Bitcoin, having amassed a stockpile of 48,237 BTC, valued at $4.97 billion, according to Bitcointreasuries.net. Michael Saylor's Strategy Inc (NASDAQ:MSTR) remains the market leader, having over $57 billion in Bitcoin.

MARA reported worse-than-expected first-quarter financials after market close, with revenue and earnings failing to meet analyst estimates.

At the time of writing, Bitcoin was trading at $103,197.90, showing a 4.22% increase over the last 24 hours, according to Benzinga Pro. Shares of MARA showed a decrease of 1.82% in after-hours trading following a 7.20% rise during Thursday’s regular trading session.

Both MSTR and MARA displayed low momentum and growth scores as of this report. To determine how Strategy and other Bitcoin-holding companies fare in terms of these parameters, you can visit Benzinga Edge Stock Rankings.