MicroStrategy CEO Michael Saylor and key executives from MARA Holdings recently met with representatives of President-elect Donald Trump’s incoming administration, signaling a potential shift in Bitcoin policy under the new leadership. The meeting, which took place during a reception hosted by Vice President JD Vance, has sparked speculation about the future of Bitcoin mining in the US.
While details of the discussions have not been disclosed, industry experts believe that the talks may focus on advancing Bitcoin mining operations within the country. Marathon Digital’s Vice President, Robert Samuels, confirmed the meeting on Jan. 19 but did not provide specific details, leaving room for curiosity about the potential implications for the Bitcoin industry.
In a statement, Samuels said, “Our team, in partnership with Saylor, met with the entire incoming cabinet of the Trump Administration. We are excited about the future of mining in the US.” Both MicroStrategy and MARA Holdings hold significant Bitcoin reserves, with MicroStrategy owning 450,000 BTC and MARA holding 44,893 BTC, making them key players in Bitcoin’s corporate adoption.
The meeting sheds light on President Donald Trump’s favorable stance towards Bitcoin and cryptocurrency. Throughout his campaign, Trump has expressed support for Bitcoin, proposing the establishment of a national Bitcoin reserve to enhance the country’s strategic position in the crypto market. He has also highlighted the economic and technological advantages of increasing the nation’s Bitcoin holdings.
Trump’s team has engaged with leading US-based Bitcoin mining companies, such as Marathon Digital, Riot Platforms, and Core Scientific, to discuss ways to boost domestic mining operations for job creation and energy security. Trump has advocated for the US to take a leading role in mining the remaining Bitcoin supply, citing the potential to strengthen the economy and mitigate risks associated with central bank digital currencies (CBDCs).
As the Trump administration prepares to take office, there is speculation about potential executive actions to support these Bitcoin-focused initiatives. If implemented, these measures could redefine the US’s position in the global cryptocurrency landscape, positioning the country as a key player in the mining and adoption of Bitcoin.