Marathon Digital Holdings, a Bitcoin mining firm listed on public markets, declared that they mined a block labeled “Trump 47” to pay tribute to Donald Trump as the initial “Bitcoin president” of the U.S.A.
On January 17th, MARA announced that the distinctive symbol for the Bitcoin (BTC) has been embedded into the blockchain. This significant event occurred a few days before President-elect Donald Trump’s inauguration on January 20th.
Besides inserting a digital artwork of Trump within the block, MARA additionally incorporated both the Bill of Rights and the U.S. Constitution. By doing so, these documents have been indelibly etched onto the Bitcoin system, as confirmed by the BTC miner.
Today, MARA excavated the “Trump 47” block, a significant landmark in the Bitcoin blockchain, as a tribute to the inauguration of President-elect @realDonaldTrump, marking him as the first U.S. President associated with Bitcoin.
— MARA (@MARAHoldings) January 17, 2025
Fred Thiel, as both chairman and CEO of MARA, verified the extraction of the “Trump 47” block using method X.
As a researcher, I’d rephrase that statement as follows: I observed Marathon Digital leveraging its own mining pool to mine the significant block, an action reflecting their commitment to realizing Donald Trump’s ambition for the United States to spearhead the Bitcoin mining industry.
Through managing our own mining pool, we are adding to the U.S. blockchain space, further emphasizing America’s dominance as a leader in the forefront of Bitcoin innovation,” the company stated.
During the lead-up to the 2024 U.S. election, Donald Trump’s support for cryptocurrency gained traction. Notably, he attended the Bitcoin Conference in 2024 and even met with American Bitcoin mining companies. Since his victory, Trump has maintained a positive stance towards crypto, continuing to express a friendly attitude towards this digital asset class.
The decision-making process involves selecting pro-cryptocurrency individuals for crucial government departments like the U.S Securities and Exchange Commission. For instance, the Trump administration chose Paul Atkins as their SEC chair, who might oversee any upcoming cryptocurrency revamp. Moreover, David Sacks, a former executive at PayPal, is expected to assume the role of “crypto czar” within the White House.
As a researcher delving into digital currencies, I have found myself aligning with the sentiments expressed by Marathon Digital in their open letter. They advocate for the establishment of a strategic Bitcoin reserve here in the United States, which is an intriguing concept that I believe could potentially reshape our financial landscape.
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2025-01-17 20:36