Key Takeaways
- MARA has called for the U.S. government to build stronger dominance in Bitcoin mining operations.
- The Bitcoin miner has highlighted threats to national security if the U.S. falls behind in digital assets.
- MARA has issued six strategic recommendations to the U.S. government for action.
MARA Holdings, the largest Bitcoin miner on Wall Street, has issued an urgent warning of “national security” to the U.S. Government on its need to back Bitcoin.
The company’s calls for a stronger dominance in Bitcoin (BTC) holdings and mining operations coincide with President-elect Donald Trump’s plans for a national Bitcoin reserve.
US Needs Bitcoin Dominance
The Bitcoin mining giant highlighted that the U.S. currently only has 200,000 Bitcoin, just slightly ahead of China, which holds 190,000 BTC.
In gold, however, the U.S. is leagues ahead with 8,133 metric tonnes compared to just 2,264 tonnes owned by China.
However, the company highlights that the digital asset sector could soon become more important than physical reserves.
“Historically, gold has been regarded as the premier store of value, but it faces growing challenges in the digital era,” MARA said.
“As a physical asset, it is inefficient for global transactions, and its supply is difficult to audit accurately.”
The Bitcoin miner claimed that these limitations would diminish gold’s status as the premier store of value.
The Need for Mining Growth
The U.S. government risks national security if it does not move swiftly to secure dominant positions in Bitcoin mining, MARA warned.
Access to blockspace, the computing power used to validate transactions on the blockchain, is governed by those who control hashrate.
The Bitcoin miner highlighted that the nation which controls most of the global hashrate would be able to secure its own transaction sovereignty and ensure economic security.
“Bitcoin mining pools—groups of miners combining their hashrate to increase their chances of mining blocks—are more likely to earn block rewards and prioritize transactions when their hashrate exceeds that of other pools,” MARA said.
If a nation fails to secure a significant portion of the blockspace and hashrate, it is left vulnerable to external pressures without sufficient dominance.
“As recent geopolitical shifts challenge the dollar’s dominance, securing blockspace and hashrate is increasingly vital for maintaining U.S. economic stability and influence,” MARA said.
MARA Bitcoin Recommendations
MARA provided the U.S. with six strategic recommendations for urgent action to capitalize on Bitcoin’s opportunities.
The miner suggested that the U.S. should hold Bitcoin as a backup asset, much like it holds gold, to ensure it remains able to trade if confidence in the dollar declines.
Alongside this, MARA urged the U.S. to bolster its Bitcoin mining capacity, securing a larger share of global mining power to ensure economic independence and fortify blockchain security.
To reduce reliance on foreign nations and enhance national security, MARA advocated for domestic manufacturing of critical Bitcoin mining hardware, such as ASIC chips.
Building a robust domestic supply chain would provide a competitive edge and mitigate vulnerabilities associated with foreign suppliers, the firm noted.
MARA also called for the establishment of clear and supportive regulations for Bitcoin miners and investors.
It suggested that the U.S. must take the lead in crafting international guidelines for decentralized networks, ensuring Bitcoin remains a neutral, open, and secure financial system.
Establishing global standards would also prevent rival nations from gaining disproportionate influence over the Bitcoin network.
Finally, MARA highlighted the importance of controlling a significant share of global Bitcoin mining operations within the U.S.
Such control would safeguard against foreign interference, ensuring the country’s economic and transactional sovereignty in an increasingly digital financial landscape.
By implementing these recommendations, MARA believes the U.S. can cement its position as a global leader in the emerging Bitcoin economy while securing its economic and geopolitical interests in the digital age.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
