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. 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. MARA is Team USA, proudly declared in each American-made bitcoin block we mine. #MadeInUSA pic.twitter.com/4mFljYfoMi — MARA (@MARAHoldings) August 12, 2024 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. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
