Financial Times (FT) reported that Mara Holdings (MARA) spent a large sum on vehicle bulletproofing and other security measures as part of a security plan to protect its executives. According to Mara Holdings' disclosure, the company spent a total of $4.3 million on personal security-related costs for CEO Fred Thiel, which included $430,000 for vehicle bulletproofing and $58,000 for home security installation. Additionally, $3.95 million was spent on Chief Financial Officer (CFO) Salman Khan, of which $438,000 was for one-time vehicle bulletproofing. Mara Holdings stated, "Given that the company's large holdings of Bitcoin have been disclosed, executives are exposed to higher risks compared to other listed companies. Such security measures are reasonable and essential." Meanwhile, Mara Holdings disclosed that it held 38,689 BTC in the first quarter.
