Reserve Dollar

United

Jerome Powell

Thomas

United States-based Bitcoin&nbsp;mining firm Marathon Digital Holdings has announced that it will stamp the label “Made in USA” on all the BTC blocks the company mines in the US.
In a post on X, Marathon <a href="https://x.com/MarathonDH/status/1823038263961031075" target="_blank" rel="noopener nofollow">wrote</a>:&nbsp;“MARA is Team USA, proudly declared in each American-made bitcoin block we mine.”
Marathon Digital CEO Fred Thiel <a href="https://x.com/fgthiel/status/1823039731044647372" target="_blank" rel="noopener nofollow">underscored</a> the company’s commitment to labeling blocks made in the US with a stamp. According to Thiel, every block mined by their MARA Pool in the United States will be stamped “Made in USA.” 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/c4a0ddc0-12cb-4de1-a608-8a259180e68d.jpg" alt="Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined" title="">
 <figcaption style="text-align: center;">
 Marathon Digital stamps Bitcoin with a “Made in USA” label. Source: <a href="https://mempool.space/block/00000000000000000000150d74a2716704eb115a0f6973780f838340f9e9ae50" target="_blank" rel="noopener nofollow">Mempool.space</a>
 </figcaption>
</figure>
Thiel believes that Marathon is the only large-scale mining operator that can stamp Bitcoin with the label. “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,” he added. 
<h2 data-ct-non-breakable="true" id="marathon-digital-stunt-follows-trump-s-statement-on-bitcoin">Marathon Digital stunt follows Trump’s statement on Bitcoin</h2>
Marathon Digital’s latest stunt follows presidential candidate and former President Donald Trump’s campaign promotion on his social media platform, Truth Social. In the post, Trump says he wants all the remaining Bitcoin to be “Made in the USA.” 
The former US president claimed that BTC may be the country’s “last line of defense” against a central bank digital currency. While Trump’s comments <a href="https://cointelegraph.com/news/trump-bitcoin-miners-meet-latest-show-of-industry-support">warn of a looming CBDC</a> and the need for BTC to fight it, Federal Reserve Chair Jerome Powell <a href="https://cointelegraph.com/news/federal-reserve-nowhere-near-launching-cbdc-jerome-powell">said in March</a> that the country is “nowhere near” any form of CBDC. 
At the Bitcoin 2024 conference in Nashville, Tennessee, Thiel said that Bitcoin mining may “flourish” under a Trump administration. The executive <a href="https://cointelegraph.com/news/bitcoin-mining-thrive-under-trump-administration-mara-ceo">said in a panel discussion</a> that Republicans have “seized the day” on the topic and that the people have no idea what Democrats are planning for their energy policy. 
Related: <a href="https://cointelegraph.com/news/marathon-digital-fined-138m-contract-breach">Marathon Digital fined $138M for non-circumvention agreement breach</a>
<h2 data-ct-non-breakable="true" id="marthon-digital-s-bitcoin-buying-spree">Marthon Digital’s Bitcoin buying spree</h2>
In addition to stamping BTC with a label, Marathon Digital has also been going “full hodl” on BTC. On July 25, the company <a href="https://cointelegraph.com/news/marathon-digital-buys-100m-bitcoin-hodl-strategy">acquired $100 million BTC</a> as a treasury reserve asset. The mining firm said that it will “HODL,” a slang term <a href="https://www.investopedia.com/terms/h/hodl.asp#:~:text=HODL%20is%20a%20term%20derived,forum%20where%20the%20typo%20appeared." target="_blank" rel="noopener nofollow">derived</a> from the misspelling of “hold,” which is also an acronym for “hold on for dear life.” 
On Aug. 12, the company announced a $250 million offering of senior convertible notes for institutional buyers. The company said it will use the money raised to <a href="https://cointelegraph.com/news/world-s-largest-bitcoin-miner-250-m-raise-buy-bitcoin">buy more Bitcoin</a>. 
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/">X Hall of Flame: Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer</a>

Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined

Table of Contents

Cointelegraph

Other articles published on Aug 13, 2024

Franklin Templeton Launches Blockchain Fund on Arbitrum

Rumor Says Robinhood Will List XRP By Early 2025

Binance is Back With a Bang In India, Website Unblocked

Ethereum and Bitcoin ETFs Attract Investors

Ethereum News Today: Is ETH About to Explode with 40% Locked in Smart Contracts?

Musk blames DDoS attack for X outage but it’s likely self-inflicted

Join our free newsletter for daily crypto updates!