# MARA security spending reached $4.3 million in 2025, including $430,000 to armor CEO Fred Thiel’s vehicle.

*fintech · news · 2026-05-22 · Crypto News*

## Key points

- MARA spent $4.3 million on CEO Fred Thiel’s security in 2025, including $430,000 for armoring his vehicle.
- There was a 75% increase in physical attacks on crypto holders in 2025, reaching 72 incidents.
- MARA disclosed its Bitcoin holdings at 38,689 BTC, making its executives prominent security targets.
- Coinbase and Gemini are also spending record amounts on executive security, outpacing traditional finance peers.
- Crypto firms face higher personal security costs due to the public traceability of their blockchain assets.

**Companies:** MARA Holdings, Coinbase, Gemini

[Read the full story on Crypto News](https://crypto.news/mara-security-proxy-reveals-4-3m-ceo-protection-spend/)

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