On July 2, Mara Holdings CEO Fred Thiel shared his bullish outlook while sharing optimism about growing institutional adoption of Bitcoin, saying that there is “a huge amount of institutional interest in Bitcoin.”
JUST IN: Publicly traded MARA CEO says there is “huge amount of institutional interest in Bitcoin” 💥
“You’re seeing an accumulation of BTC which is driving the price up, almost at record highs” 🚀 pic.twitter.com/i5zaStTiQI
— Bitcoin Magazine (@BitcoinMagazine) July 2, 2025
“You’re seeing an accumulation of BTC, which is driving the price up, almost at record highs,” he said.
The statement comes after Mara Holdings released a report on Bitcoin production and mining operations for June.
“We’re excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders,” stated in the report.
Bitcoin Witnesses Historic Rally Amid Growing Institutional Adoption
Amid the positive developments in the regulatory framework for digital assets and growing institutional adoption, BTC is once again approaching its all-time high at $111,970.
After the first approval of Bitcoin ETFs in January 2024, spot Bitcoin ETFs have accumulated $36.2 billion in net inflows while building a $125 billion AUM base; a growth trajectory that has outpaced the SPDR Gold Shares (GLD) ETF’s expansion by a factor of twenty.
At the time of writing, the total market capitalization of Bitcoin ETFs is $138.79 billion, with Total AUM at $134.25 billion, according to CoinGlass. This includes ETF issuers like iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Grayscale Bitcoin Trust ETF, ARK 21Shares Bitcoin ETF, and others.
Many institutions are actively injecting heavy capital into these BTC ETFs. By providing a familiar, exchange-traded structure, Bitcoin ETFs help institutions hedge volatility through derivatives integration while avoiding the operational risks of holding actual Bitcoin.
BlockFills CEO Nick Hammer stated in an interview, “We’ve been seeing increased involvement from institutional players in this space, such as hedge funds, family offices, and asset managers, which underscores the growing credibility and maturity of the digital asset space. Institutional activity brings significant capital, greater liquidity, and stability to this market. It also drives mainstream acceptance and necessary regulatory clarity.”
For instance, Figma has recently disclosed a $69.5 million position in Bitcoin through Bitwise ETF (BITB). The IPO filing revealed the company’s board greenlit another $30 million for future Bitcoin buys, parking the funds in USDC for tactical deployment.
Furthermore, the recent trend of adding Bitcoin to corporate treasuries as a reserve, following Michael Saylor’s strategy, has boosted market confidence and opened the door to mainstream adoption.
Also Read: US SEC Placed Temporary Stay on Grayscale’s Multi-crypto ETF
