Fred Thiel, the CEO of Marathon Digital Holdings (MARA), a leading Bitcoin mining company in the USA, has recently announced that the firm’s Bitcoin blocks mined in America will be labelled as ‘Made in USA’, following a statement by Donald Trump. MARA announced in an X post on August 12, that “MARA is Team USA” and will proudly declare all American-made BTC blocks as ‘Made in USA’. The CEO added that since they are large-scale miners, having their own pool, they can stamp all blocks mined by MARA Pool as made in the USA.
Thiel announced stamping BTC blocks after the former US president expressed his vision of Bitcoin expansion on his social media platform, Truth Social. Trump wanted all the remaining Bitcoin to be made in the USA and warned that BTC might be the “last line of defense against a CBDC.” Trump emphasized that Bitcoin mining will strengthen America, enhancing its dominance.
With the presidential elections in November, Trump has increasingly turned in favour to cryptocurrency assuring many of its vigor in attaining supremacy. Furthermore, the presidential candidate extended his support to domestic BTC mining at the Bitcoin 2024 Conference in Nashville. Trump, who calls himself the ‘crypto president’, has renewed his promise to protect the Bitcoin mining industry in the United States, to promote employment.
Marathon Digital Mines $16M in Kaspa, Strengthening Revenue Streams Beyond BitcoinMARA, in addition to labelling Bitcoins, announced a private proposal of $250 million of senior convertible notes to qualified institutional buyers. The firm tends to use the net proceeds to procure more BTC holdings and fulfill corporate obligations such as expansion of existing assets, repayment of debt, and working capital.
At the time of publication, Bitcoin reported a fall of 1.43% in the last 24 hours but rose to 6.87% during the week. However, considering the results of the past 30 days, Bitcoin has seen a 0.71% surge.
