Mara Holdings prints a Trump portrait on the blockchain as crypto miners enjoy strong start in 2025

Source Cryptopolitan

Mara Holdings made a historic tribute to the incoming US President Donald Trump by imprinting a portrait of the president’s face onto the Bitcoin blockchain. The gesture is in an ‘irreversible and immutable’ showcase of its support for the incoming administration. 

Trump’s campaign overtly courted the crypto and tech industries. On different occasions, the incoming president has maintained that he believes cryptocurrencies, particularly Bitcoin, are an integral part of America’s economic and technological future. 

Industry stakeholders have reciprocated in cash donations to his campaign and inauguration. Now, Mara Holdings has also joined the party with a gesture that cost 1.244 in BTC fees, but holds much more significance because of Bitcoin’s blockchain.

Mara Holdings’ tribute to President Trump

Mara Holdings, previously known as Marathon Digital Holdings, has paid tribute to the incoming US president ahead of his inauguration ceremony by imprinting his portrait into the Bitcoin blockchain.

Mara Holdings mined a portrait of US President Donald Trump for a fee of 1.244 BTC
Mara Holdings mined a portrait of US President Donald Trump for a fee of 1.244 BTC. Source: X (@BitcoinMagazine)

However, this is not the company’s first nod to the president. During Trump’s campaign, he expressed a desire for all the remaining Bitcoins to be “mined, minted and made in the USA,” emphasizing the importance of domestic production and control of digital assets. 

In response, Mara Holdings began to stamp “made in USA” on all blocks mined within the country, aligning itself with Trump’s vision. 

Following Trump’s victory in the elections, Bitcoin’s price rose over $100,000 for the first time, sending shockwaves across the market. The stocks of several mining companies experienced a surge, and even Mara Holdings experienced an increase to close at $25.01.

Fred Thiel, the CEO of Mara Holdings, has been vocal about the potential growth of Bitcoin mining under Trump’s administration. He, like many other notable enthusiasts, believes that the pro-crypto policies could lead to a flourishing mining industry in the United States. 

Crypto miners have hit the ground running in 2025

While the cryptocurrency market has had an up-and-down start to 2025, Bitcoin miners have been smiling to the bank (or their preferred digital wallet). 

In a research report put together by JP Morgan, 12 of the 14 Bitcoin mining companies the Wall Street banks track posted better performances than the world’s largest cryptocurrency in the first two weeks of 2025. 

“Miners earned $54,900 in daily block reward revenue per EH/s over the first two weeks of January.” analysts Reginald Smith and Charles Pearce wrote.

The report also noted that Bitcoin has increased about 56% since the halving event in April 2024 and 44% since the US presidential election in November. The leading crypto is also up 134% year-on-year.

Miners especially welcome these positive market trends, as they face challenges in the areas of rising energy costs and increased mining difficulty. The halving event in April reduced rewards from 900 to 450 coins per day, tightening profit margins. 

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Nvidia stock sinks 4% as Trump’s tariff plans rattle AI tradeNvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
Author  NewsBTC
Apr 01, Tue
Nvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
placeholder
Bitcoin Price Bounces Back—Can It Finally Break Resistance?Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
Author  NewsBTC
22 hours ago
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
placeholder
Bitcoin Price Struggling but Short-Term Holders Might Be Setting the Stage for $150KBitcoin has recently displayed signs of upward momentum, trading at $85,215, marking a 2.2% increase in just the past day. Despite this short-term gain, the asset remains down by over 21.2% from its
Author  NewsBTC
17 hours ago
Bitcoin has recently displayed signs of upward momentum, trading at $85,215, marking a 2.2% increase in just the past day. Despite this short-term gain, the asset remains down by over 21.2% from its
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
17 hours ago
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
Gold price stabilizes ahead of Trump's tariffs announcement on “Liberation Day”Gold price (XAU/USD) stabilizes just above $3,130 at the time of writing on Wednesday following a mean reversal move the prior day after a fresh all-time high got eked out at $3,149 before closing in negative territory.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) stabilizes just above $3,130 at the time of writing on Wednesday following a mean reversal move the prior day after a fresh all-time high got eked out at $3,149 before closing in negative territory.
goTop
quote