Former President Donald Trump says he wants all remaining Bitcoin to be “Made in USA.”
U.S.-based Bitcoin mining company Marathon Digital Holdings has announced that it will label all Bitcoin blocks mined in the United States with a “Made in USA” stamp.
In a post on X, Marathon stated, “MARA is Team USA, proudly declared in each American-made bitcoin block we mine.”
Marathon Digital CEO Fred Thiel emphasized the company’s commitment to labeling these blocks, stating that every block mined by their MARA Pool in the U.S. will bear the “Made in USA” stamp.
Thiel believes that Marathon is the only large-scale mining operation capable of doing this, explaining, “The only large-scale miner who can do this because we run our own pool and ensure that all the blocks mined by MARA Pool are made in USA.”
Marathon Digital’s Move Follows Trump’s Remarks on Bitcoin
Marathon Digital’s latest initiative follows a statement by presidential candidate and former President Donald Trump, who promoted his campaign on his social media platform, Truth Social, by stating his desire for all remaining Bitcoin to be “Made in the USA.”
Trump suggested that Bitcoin could be the country’s “last line of defense” against a central bank digital currency (CBDC).
While Trump’s comments caution against an impending CBDC and highlight the importance of Bitcoin in countering it, Federal Reserve Chair Jerome Powell mentioned in March that the U.S. is “nowhere near” implementing any form of CBDC.
At the Bitcoin 2024 conference in Nashville, Tennessee, Thiel remarked that Bitcoin mining could “flourish” under a Trump administration.
During a panel discussion, he noted that Republicans have “seized the day” on this issue and expressed uncertainty about the Democrats’ future energy policies.
Marathon Digital’s Bitcoin Accumulation Strategy
In addition to labeling Bitcoin with the “Made in USA” stamp, Marathon Digital has also been actively accumulating Bitcoin.
On July 25, the company acquired $100 million worth of Bitcoin as a treasury reserve asset.
The company plans to “HODL”—a term derived from a misspelling of “hold” and an acronym for “hold on for dear life.”
On August 12, Marathon Digital announced a $250 million offering of senior convertible notes for institutional investors.
The company intends to use the funds raised from this offering to purchase more Bitcoin.
