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Showing posts with the label us department of defense

Is the US DoD about to start mining bitcoin? Crypto X thinks so

Earlier today, rumors circulated on social media of a covert bitcoin (BTC) mining operation at the US Department of Defense (DoD). Sparked by a claim from a worker at BTC ATM company Byte Federal and amplified by Jason Lowery, screenshots of posts from notable investors like Michael Saylor, Matthew Pines, and David Bailey alluded to vague, upcoming, “big” federal developments. The unsubstantiated rumor took flight despite flimsy evidence, earning hundreds of thousands of impressions. I think the DoD is going to start mining bitcoin. pic.twitter.com/hsvTNwfwUr — Michelle Weekley (@michelleweekley) March 17, 2025 On March 6, 2025, President Donald Trump established a Strategic Bitcoin Reserve and another Digital Asset Stockpile. Neither involve mining. However, Trump has previously expressed support for BTC mining , including during last summer’s presidential campaign trail. “BTC mining may be our last line of defense against a CBDC. Biden’s ha...