MARA Holdings has called on the United States to adopt a more proactive approach in establishing and maintaining a leading position in Bitcoin and Bitcoin mining, highlighting it as a crucial matter of national security. The company emphasized that the U.S. must take action to align its Bitcoin holdings with its historical approach to gold , especially in light of the increasing trend of countries moving away from reliance on the U.S. dollar.
The assertion was made amid concerns regarding the vulnerability of the dollar, which is no longer directly backed by gold reserves. MARA pointed out that while the U.S. currently holds more than 200,000 Bitcoin , China is not far behind with approximately 190,000 BTC. They drew a parallel between gold reserves and Bitcoin , arguing that substantial reserves of Bitcoin could enhance the U.S. ability to transact smoothly if confidence in the dollar were to wane globally.
MARA Holdings indicated that securing a significant share of the global hashrate is essential to protect U.S. interests against potential interference from other nations. The company warns that if the U.S. fails to maintain adequate control over block space and hashrate, it could become susceptible to external influences in an era where the geopolitical relevance of Bitcoin is rapidly increasing.
To mitigate these risks, MARA has proposed a detailed plan, which includes fostering domestic production of mining hardware to lessen reliance on international suppliers. Currently, the majority of such hardware is produced by Chinese companies, with one firm accounting for a substantial portion of the market share. Additionally, MARA advocates for expanding investment in U.S. Bitcoin mining, establishing a Bitcoin strategic reserve, and creating clearer legal frameworks and incentives that could attract more miners and investors.
Founded in 2010 and based in Fort Lauderdale, Florida, MARA has a significant operational presence across the U.S., with further ventures in Paraguay and Dubai.
