Marathon Digital Holdings Inc. (MARA), a publicly traded Bitcoin mining company, has reported a surge in institutional interest in Bitcoin, according to CEO Fred Thiel. Thiel highlighted that this growing demand is leading to significant accumulation of Bitcoin, which is driving the cryptocurrency's price near record highs. He also noted the emergence of numerous Bitcoin treasury companies, reflecting accelerating corporate adoption. As of early July 2025, Marathon Digital holds over 50,000 Bitcoins valued at approximately $5.5 billion, making it the second-largest Bitcoin treasury globally.