According to a recently filed DEF14A compensation table, Bitcoin mining company MARA Holdings paid $4.3 million in personal security expenses for CEO Fred Thiel. The line items are highly specific: a $58,000 home security installation and a $430,000 one-time expenditure for vehicle bulletproofing. CFO Salman Khan received a similar armor package, with $438,000 spent on vehicle bulletproofing out of a $3.946 million security budget.

As the state's monopoly on public safety continues to hollow out, corporate capital must fund its own physical perimeter. MARA Holdings' board of directors justified the expenditures by noting that "due to the company's public disclosure of holding a substantial amount of Bitcoin assets, executives are exposed to significantly higher risks compared to other listed companies." When a firm abstracts its wealth into untraceable digital ledgers, it must spend hard fiat currency on steel, Kevlar, and private guards to protect the biological executives who control the keys.