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?'

Benzinga2024-11-29

Fred Thiel, CEO of Marathon Holdings MARA, expressed gratitude for the company’s achievements this Thanksgiving, highlighting a record market cap and mining success. What Happened: Thiel took to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

3nn
2024-11-29
3nn
Time to sell on news!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2487551360?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/11/29/Bitcoin-WULF-MARA-MSTR-COIN-HUT.jpeg","is_english":true,"pubTime":"2024-11-29 20:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2487551360","market":"us","top_or_hot":-1,"title":"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?'","media":"Benzinga","content":"<div>\n<p>Fred Thiel, CEO of Marathon Holdings MARA, expressed gratitude for the company’s achievements this Thanksgiving, highlighting a record market cap and mining success.\nWhat Happened: Thiel took to ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42243056/fred-thiel-celebrates-as-soaring-bitcoin-sends-marathon-holdings-market-cap-to-a-record-high-must-be-something-still-to-come-to-top-off-maras-2024or\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>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?'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFred 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?'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-29 20:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/42243056/fred-thiel-celebrates-as-soaring-bitcoin-sends-marathon-holdings-market-cap-to-a-record-high-must-be-something-still-to-come-to-top-off-maras-2024or><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fred Thiel, CEO of Marathon Holdings MARA, expressed gratitude for the company’s achievements this Thanksgiving, highlighting a record market cap and mining success.\nWhat Happened: Thiel took to ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42243056/fred-thiel-celebrates-as-soaring-bitcoin-sends-marathon-holdings-market-cap-to-a-record-high-must-be-something-still-to-come-to-top-off-maras-2024or\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/42243056/fred-thiel-celebrates-as-soaring-bitcoin-sends-marathon-holdings-market-cap-to-a-record-high-must-be-something-still-to-come-to-top-off-maras-2024or","article_id":"2487551360","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/29/Bitcoin-WULF-MARA-MSTR-COIN-HUT.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/markets/cryptocurrency/24/11/42243056/fred-thiel-celebrates-as-soaring-bitcoin-sends-marathon-holdings-market-cap-to-a-record-high-must-be-something-still-to-come-to-top-off-maras-2024or","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2487551360","pubTimestamp":1732885100,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"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.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","BK4547":"WSB热门概念","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","MARA":"MARA Holdings","BK4596":"哈里斯概念","BK4595":"比特币概念","BK4588":"碎股","BK4600":"加密货币概念"},"translate_title":"Fred Thiel庆祝比特币飙升使Marathon Holdings的市值创下历史新高：“MARA 2024年的业绩肯定还没有达到顶峰……或者？'","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MARA":1},"content_text":"Fred Thiel, CEO of Marathon Holdings MARA, expressed gratitude for the company’s achievements this Thanksgiving, highlighting a record market cap and mining success.\nWhat 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 BTC/USD rising steadily and reaching a $96,000 level. At the time of writing, BTC was valued at $97,375.73. \nMeanwhile, other companies with significant bitcoin holding such as MicroStrategy Inc. MSTR clocked a market cap of $93.99 billion while Coinbase Global Inc. COIN clocked a market cap $80.87 billion.\nIn 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.\nOn Thursday, MARA expanded its Bitcoin holdings by issuing $1 billion in zero-coupon convertible senior notes. This allowed the company to pick an additional 703 Bitcoins, bringing the total number of Bitcoins purchased through this issuance to 6,474. Currently, MARA has 34,794 Bitcoins in its holdings. \nThiel celebrated the company’s record-high market cap and an impressive month of mining, with an energized hash rate nearing 50 EH/s.\nHe ended with an optimistic “Must be something still to come to top off MARA's 2024…or?”\nSee Also: Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Rev\n\nCelebrating this Thanksgiving the great effort by the team at MARA. Celebrating a record high market cap and record high HODL with an excellent month of mining almost in the record books and energized hash rate nearing 50 EH/s……Must be something still to come to top off MARA's… https://t.co/vNZ9BbAmNn— Fred Thiel (@fgthiel) November 28, 2024\n\nAt the time of writing, MARA was up by 2.23%. Based on the ratings of 17 analysts, the consensus price target for the company is $23.83, as per Benzinga Pro data. However, the three most recent analyst ratings by Barclays, Compass Point, and Macquarie imply a 2.28% downside for MARA.\n\nWhy It Matters: The company’s third-quarter earnings report in November revealed a 35% year-over-year increase in total revenue, although it missed revenue and EPS estimates. MARA’s energized hash rate rose by 9% to 40.2 EH/s, and the company mined 2,070 Bitcoins during the quarter.\nHowever, the broader market context shows challenges. Bitcoin’s recent price decline affected stocks like MARA, MicroStrategy and Coinbase. These stocks fell by 3.63%, 3.33%, and 3.40%, respectively, as Bitcoin’s rally stalled. \nThiel recently requested the incoming Trump administration to enhance U.S. Bitcoin mining operations. By increasing its share of the global hash rate, MARA aims to protect U.S. economic interests and maintain a competitive advantage in the cryptocurrency market.\nRead Next: \n\nPepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: ‘Massive Breakout’ Coming\n\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\nImage via Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":376207592739184,"gmtCreate":1732890313515,"gmtModify":1732890317671,"author":{"id":"3573976216768090","authorId":"3573976216768090","name":"3nn","avatar":"https://static.tigerbbs.com/303b8f037330070d95adf2f11d86d23a","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3573976216768090","idStr":"3573976216768090"},"htmlText":"Time to sell on news!&nbsp;","listText":"Time to sell on news!&nbsp;","text":"Time to sell on news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376207592739184","repostId":2487551360,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487551360","isCrawlerRequest":true}