The stunt comes in the wake of the former president’s announcement that he wanted all left Bitcoin to be “Made in America.”
The United States-based Bitcoin mining company Marathon Digital Holdings has announced that it will put the wording “Made in the USA” on all BTC blocks that it mines in the US.
In a blog post in X, Marathon wrote: “MARA is Team USA proudly proclaimed that in each bitcoin block made by Americans that we miners.”
Marathon Digital CEO Fred Thiel stressed Marathon Digital’s dedication to mark blocks produced within the US with an American stamp. According to Thiel, the company, each block mined by the MARA Pool in the United States will bear the stamp “Made in the USA.”
Thiel thinks the Marathon is the sole large-scale mining operation that is able to stamp Bitcoin with the word “marker. “The only large-scale miner that can do this is Marathon because we own MARA Pool. The pool that we own also ensures that all blocks that are mined through MARA Pool are made in the USA,” he added.
Marathon Digital stunt follows Trump’s announcement regarding Bitcoin.
Marathon Digital’s latest stunt is a follow-up to the former president and presidential candidate Donald Trump’s campaign announcement through his platform for social networking, Truth Social. On the page, Trump declares that he would like all of the left Bitcoin to be “Made in the United States of America.
The former US president suggested that BTC could be the country’s “last option of defence” against central bank digital currencies. Although Trump’s remarks hint at the imminent arrival of CBDC in the near future and the necessity for BTC to combat it, Federal Reserve Chair Jerome Powell declared on March 1 that the nation is “nowhere close to” any kind of CBDC.
At the Bitcoin 2024 event at the Bitcoin 2024 conference in Nashville, Tennessee, Thiel declared that Bitcoin mining might “flourish” under the Trump administration. Thiel spoke during an interview that the Republicans had “seized the moment” regarding the subject and that people have no idea of what Democrats have in mind to do regarding their energy policy.
Marathon Digital’s Bitcoin Buying Spree
Alongside stamping BTC using a label, Marathon Digital has also been doing a “full hold” on BTC. On July 25, Marathon Digital purchased the sum of $100 million BTC as an asset of the Treasury Reserve. The mining firm said that it would use “HODL,” a slang term derived from the misspelling “hold,” which is also an acronym that means “hold on to your life for the sake of it.”
On August. 12th, the company made an announcement about the launch of a $250 million offer of senior convertible notes for institutional buyers. The company stated that it would make use of the funds to purchase additional Bitcoin.
