Bitcoin miner MARA Holdings spent $4.3 million on private safety for CEO Fred Thiel in 2025, together with $430,780 to armor a car, as crypto firms reply to rising bodily assaults on trade executives and buyers.
MARA, the seventh-largest Bitcoin mining firm price greater than $5 billion, additionally spent about $58,810 on Thiel’s house safety installations and reported extra bills associated to the safety measures of different executives, in line with its DEF 14A submitting with the US Securities and Change Fee on April 30.
The submitting reveals that MARA spent a complete of $4.3 million on Thiel’s safety throughout fiscal 12 months 2025, together with the armored car, bodyguards and residential safety fortifications.
Thiel’s safety prices rose sharply from 2024, when MARA reported $191,040 in private safety prices for the CEO. His whole “All Different Compensation” rose to $4.4 million in 2025 from $201,390 a 12 months earlier.
MARA Holdings DEF 14A submitting for fiscal 12 months of 2025 with the Securities and Change Fee. Supply: SEC.gov
The disclosures come as crypto-linked bodily assaults, typically referred to as wrench assaults, have elevated globally. The spending reveals how bodily safety has turn out to be a fabric company value for some crypto firms as executives face threats tied to the general public visibility and portability of digital belongings. Not like conventional monetary theft, wrench assaults use coercion, kidnapping or violence to pressure victims to give up non-public keys, passwords or account entry.
The submitting additionally reveals that MARA spent $3.9 million on private safety for chief monetary officer Salman Khan in 2025, together with $438,380 to armor a car.
Cointelegraph has approached MARA for touch upon the rising safety spending.
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Wrench assaults concentrating on crypto buyers see alarming rise
Cybersecurity agency CertiK reported 72 verified bodily coercion incidents in 2025, up 75% from a 12 months earlier.
France noticed the most important variety of such incidents in 2025, with 19 confirmed wrench assaults. In response, Jean-Didier Berger, minister delegate to the inside minister of France, promised to implement new “preventative measures” towards these threats.
Crypto wrench assaults, key stats for 2025. Supply: CertiK
No less than 88 folks, together with 10 minors, have been reportedly indicted in reference to alleged wrench assaults towards crypto homeowners in France, main as much as April 27.
Earlier in February, a senior worker at Binance’s French unit was the sufferer of an armed house invasion. French authorities arrested three suspects hours after the break-in, Cointelegraph reported on Feb. 13.
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