In response to Trump’s campaign slogan of 'Bitcoin returning to American manufacturing,' after Trump won the presidency and promised to establish a strategic Bitcoin reserve, Bitcoin's role as a core element of national economic and geopolitical strategy has received more attention. Cryptocurrency mining company Marathon Digital calls for the United States to actively advance its leadership in the Bitcoin field and views Bitcoin mining as a national security issue.
Marathon Digital earlier announced an additional purchase of 703 bitcoins, bringing the total holdings to 34,794 bitcoins, valued at approximately $3.3 billion.
With our 0% $1 billion convertible notes offering, we are excited to share an update:
– Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average price of $95,395 per BTC– YTD BTC Yield Per Share 36.7%– Total owned BTC: ~34,794 BTC, currently valued at… pic.twitter.com/bzbunlyBRN
— MARA (@MARAHoldings) November 27, 2024
The company pointed out in an article on X community that Bitcoin has characteristics of limited supply, decentralization, and cross-border transfer, making it a modern version of digital gold. However, merely holding Bitcoin is not enough; the United States must dominate its mining infrastructure, especially in controlling hash power, as controlling Bitcoin hash power allows priority access to block space, preventing hostile nations from censoring or manipulating transactions.
If the United States fails to secure a sufficient share of hash power and block space, it may face external pressures in a world where Bitcoin gradually becomes a tool of finance and geopolitics. Moreover, as the trend of global de-dollarization accelerates, without action, the United States may bear economic and geopolitical risks. Therefore, it is recommended for the United States to establish a strategic Bitcoin reserve, expand domestic mining scale to control more hash power, reduce reliance on foreign mining chips, and promote the use of renewable energy for mining. Since Marathon Digital itself produces mining machines, this move will greatly benefit the company's operations.
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"MICA Daily｜Marathon Digital: Bitcoin needs to return to 'Made in America'" This article was first published on (Block).
