Marathon Digital Brands Bitcoin ‘Made in USA’

The US-based Bitcoin mining business Marathon Digital Holdings has declared that all of the BTC blocks it mines in the US will bear the “Made in USA” mark.

The prank comes after former US President Donald Trump declared that he wants all Bitcoin left to be “Made in USA.”

“MARA is Team USA, proudly declared in each American-made Bitcoin block we mine,” Marathon stated in a post on X.

CEO of Marathon Digital, Fred Thiel, emphasized the company’s dedication to stamping blocks produced in the United States. According to Thiel, every block where their MARA Pool mines are in the US will be labeled “Made in USA.”

According to Thiel, only Marathon is a large-scale mine operator that can affix the Bitcoin mark. He continued, “We manage our pool and ensure that every block mined by MARA Pool is made in the USA, so we’re the only large-scale miner who can do this.”

Long-running digital prank after Trump’s Bitcoin remarks

The most recent prank by Marathon Digital mimics former president and presidential candidate Donald Trump’s campaign advertising on Truth Social, a social media network. Trump stated in his tweet that he wanted every last bit of Bitcoin to be “Made in the USA.”

According to the former US president, Bitcoin might be the nation’s “last line of defense” against digital currencies issued by central banks. Although Trump’s remarks suggest that a CBDC is imminent and that Bitcoin is necessary to combat it, Federal Reserve Chair Jerome Powell stated in March that the US is “nowhere near” implementing a CBDC.

During the Bitcoin 2024 conference in Nashville, Tennessee, Thiel predicted that Bitcoin mining may “flourish” under a Trump presidency. During a panel discussion, the CEO stated the Republicans have “seized the day” on the subject and that the public is unaware of the Democratic Party’s plans for energy policy.

The Buying Binge of Bitcoin by Marathon Digital

Marathon Digital has been using Bitcoin “full hodl” and labeling it. The business bought $100 million worth of Bitcoin on July 25 as a treasury reserve asset. The mining company declared that it will use “HODL,” a colloquial expression that comes from the misspelling of “hold,” which stands for “hang on for dear life.”

The business stated on August 12 that it would sell $250 million in senior convertible notes to institutional investors. The company declared that it would purchase more Bitcoin with the funds raised.