<img src="https://crypto.news/app/uploads/2024/01/crypto-news-Trump-criticizing-crypto-while-holding-an-nft-inside-Trump-Tower01.webp” />
Publicly traded bitcoin mining company Marathon Digital Holdings has announced the mining of a “Trump 47” block to honor Donald Trump as the first “bitcoin President” of the United States.
MARA said in a <a target="_blank" href="https://x.com/MARAHoldings/status/1880258378771099789″ target=”_blank” rel=”nofollow”>statement on January 17 that the visual marker now lives on the bitcoin (btc) blockchain, and this will come just days before President-elect Donald Trump's inauguration on January 20.
In addition to embedding an ai-generated image of Trump on the block, MARA also included the Bill of Rights and the United States Constitution. This measure permanently preserves these images on the bitcoin network, the btc miner noted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
Fred Thiel, President and CEO of MARA <a target="_blank" href="https://x.com/fgthiel/status/1880182358370058551″ target=”_blank” rel=”nofollow”>confirmed mining of the “Trump 47” block via x.
Marathon Digital used its proprietary mining pool to mine the historic block, a move aligned with Trump's vision of American leadership in the bitcoin mining sector.
“By owning our own mining pool, we contribute to the American blockchain space, reaffirming America's leadership on the frontier of bitcoin development,” the company wrote.
Trump's pro-cryptocurrency stance gained momentum ahead of the 2024 US election, and the then-Republican candidate attended the bitcoin 2024 Conference. He also met with bitcoin mining companies in the US and, since his victory , has achieved a continuous and friendly perspective on cryptocurrencies.
It includes in decisions to nominate pro-crypto people to key government agencies like the US Securities and Exchange Commission. Trump's team's pick for SEC chairman is Paul Atkins, who could oversee the planned crypto review. Meanwhile, former PayPal executive David Sacks will head the White House “crypto czar.”
Trump also pledged to support a strategic bitcoin reserve, and Marathon Digital wrote an open letter urging the United States to make this a reality.
