Several bitcoin mining executives late Tuesday met with former President Donald Trump, according to various online posts. Trump commented on social media Tuesday night that he wants the remaining bitcoin to be made in the U.S.
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CleanSpark (CLSK) chairman Matthew Schultz and CEO Zach Bradford attended the event, along with Riot Platforms (RIOT) CEO Jason Les and head of public policy Brian Morgenstern. Marathon Digital (MARA) CFO Salman Khan also met with the former President. The attendees are three of the world’s top five bitcoin miners, according to a post from The Bitcoin Conference.
“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency],” Trump wrote online after the event. “Biden’s hatred of bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining bitcoin to be MADE IN THE USA!!! It will help ups (sic) be ENERGY DOMINANT!!!”
Many of the attendees were positive on Trump’s positions regarding bitcoin.
Schultz commented online that Trump was a “huge fan” of bitcoin and “loves” what CleanSpark is doing.
“Today, I met with former President Trump to discuss important bipartisan issues that affect our industry,” Khan wrote online after the meeting. “We appreciate the recognition of our industry’s importance and are committed to advocate for it’s future.”
“President Trump will protect your right to own bitcoin, to mine bitcoin, to transact with bitcoin, and for man (sic) of us, to work in the bitcoin industry,” Morgenstern wrote in a Monday opinion piece for Bitcoin Magazine. Riot Platforms shared the article on X following the meeting with Trump.
“Very good meeting with President Trump on bitcoin and U.S. energy dominance,” Les shared online.
Bitcoin Price
Bitcoin spiked above $69,100 early Wednesday following the cooler-than-expected CPI inflation report. BTC traded around $67,750 prior to the release, rising slightly from Tuesday’s lows near $66,177. Tuesday’s slide marked bitcoin’s first fall below $67,000 in June and its lowest level since mid-May.
Still, bitcoin rallied nearly 65% so far this year.
Spot bitcoin ETFs, including the iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), collectively swung about 3% higher premarket Wednesday.
Coinbase (COIN) jumped 3.8% Wednesday morning. COIN stock is trading in a cup base with a 283.48 buy point.
Marathon Digital stock surged 3.4%. Fellow bitcoin miner stocks RIOT and CLSK shares advanced about 3.1%.
You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison
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