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MICA Daily | Marathon Digital: BTC needs to return to "Made in the USA"
In response to Trump's slogan 'Bitcoin returns to American manufacturing' during the election, BTC has gained more attention as a core role in national economic and geopolitical strategies after Trump's victory and his promise to establish strategic BTC reserves. Marathon Digital, a cryptocurrency mining company, calls for the United States to actively promote its leadership position in the BTC field and consider BTC mining as a national security issue.
Marathon Digital announced earlier that it has increased its holdings by an additional 703 BTC, bringing the total holdings to 34,794 BTC, worth approximately 3.3 billion US dollars.
With our 0% $1 billion convertible notes offering, we are excited to share an update:
— MARA (@MARAHoldings) November 27, 2024
The company pointed out in a community article that BTC has a limited supply, Decentralization, and cross-border transfer characteristics, making it the modern version of digital gold. However, holding BTC alone is not enough. The United States must lead its mining infrastructure, especially in the control of computing power, indicating that controlling BTC computing power can prioritize obtaining block space and prevent hostile countries from inspecting or manipulating transactions.
If the United States fails to obtain sufficient Computing Power and Block space, it may face external pressure in the world where BTC is gradually becoming a financial and geopolitical tool. In addition, as the global trend of de-dollarization accelerates, without action, the United States may bear economic and geopolitical risks. Therefore, it is recommended that the United States establish a BTC strategic reserve, expand the domestic Mining scale to control more Computing Power, reduce reliance on foreign Mining chips, and promote the use of renewable energy for Mining. Since Marathon Digital produces Mining Rig themselves, this will greatly benefit the company's operations.
Statement: The article represents only the author's personal views and opinions, not the objective viewpoint and position of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be responsible for any direct or indirect losses resulting from investor transactions.
〈MICA Daily | Marathon Digital: BTC needs to return to "Made in the USA"〉 This article was first published in "Block Times".