最新报道:Fred Thiel, CEO of MARA Holdings, cautioned that the rapid growth of Bitcoin treasury companies may create risks for investors and BTC's price. Speaking during an earnings call, Thiel noted that over 200 firms now hold crypto reserves, with cumulative holdings tripling to 774,000 BTC ($90B+) in the past year. He warned that treasury companies, unlike ETFs, could face severe pressure if market conditions shift, potentially triggering mass sell-offs. Thiel compared the trend to the 2017 ICO boom, suggesting overcrowding may dilute returns. While MARA maintains the second-largest corporate BTC holdings, Thiel emphasized its mining-based accumulation strategy as a differentiator. The executive also observed whale selling activity, predicting a possible 20-30% BTC price correction. MARA recently raised $940.5M for further BTC purchases despite reporting record quarterly earnings.