Key Takeaways:
- Marathon Digital Holdings will label all Bitcoin blocks mined in the U.S. as “Made in USA.”
- This initiative aligns with Donald Trump’s call to domestically produce Bitcoin to counter potential CBDC threats.
- Marathon is expanding its Bitcoin holdings, adding $100 million worth to its treasury and planning a $250 million notes offering.
Marathon Digital Holdings, a U.S.-based Bitcoin mining firm, announced it will label all Bitcoin blocks mined within the United States as “Made in USA.”
This move aligns with former President Donald Trump’s recent call for all Bitcoin to be domestically produced, which he suggested could protect the country against potential central bank digital currency (CBDC) threats.
MARA is Team USA, proudly declared in each American-made bitcoin block we mine. #MadeInUSA pic.twitter.com/4mFljYfoMi
— MARA (@MarathonDH) August 12, 2024
Marathon’s CEO, Fred Thiel, emphasized that their MARA Pool, responsible for these blocks, is likely the only large-scale operation capable of implementing such a label.
JUST IN: MARATHON DIGITAL HOLDINGS TO STAMP "MADE IN USA" ON EVERY BITCOIN BLOCK MINED, ANNOUNCES COMPANY
— BSCN Headlines (@BSCNheadlines) August 13, 2024
Alongside this initiative, Marathon is expanding its Bitcoin holdings, recently adding $100 million worth to its treasury and announcing a $250 million senior convertible notes offering aimed at further Bitcoin acquisitions.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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