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A $450M plan to build a 450-foot statue of Prometheus on Alcatraz Island has been pitched by Ross Calvin, a Bitcoin mining entrepreneur, marking one of the most ambitious monument proposals in recent memory.
According to Bloomberg, the concept formally titled The Great Colossus of Prometheus on Alcatraz would feature a towering nickel-bronze sculpture and a high-tech museum dedicated to innovation and entrepreneurship.
The project’s estimated height would surpass that of the Statue of Liberty, standing as a symbol of “human triumph” and the spirit of self-sovereignty that crypto advocates often reference.
Alcatraz, once a notorious federal prison and now part of the US National Park System, would require special federal authorization for any construction.
The island’s protected status means the plan faces long odds and multiple layers of review before any groundwork could begin.
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Why Is a Bitcoin Miner Proposing a $450M Statue on Alcatraz?
Calvin, CEO of the Bitcoin mining firm Parhelion and founder of the nonprofit American Colossus Foundation, said the group intends to present a formal proposal with detailed renderings and engineering plans to federal officials by January.
Early drafts describe the structure as a “beacon of optimism,” merging art, technology, and myth in a single monumental statement.
The timing of the pitch is striking. It lands in a year when crypto wealth and political influence are becoming increasingly intertwined in the United States. From campaign donations to tech-backed policy pushes, blockchain money is emerging as a force in Washington.
Against that backdrop, a massive statue celebrating Prometheus, the mythic figure who brought fire to humanity, feels like both a cultural and political message.
If built, the Prometheus statue would redefine San Francisco’s skyline and potentially attract millions of visitors each year.
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How Do Preservation Laws Impact Crypto’s Grandest Monument Idea?
But for now, it remains an audacious proposal, one that captures the imagination of the crypto era, even as it faces the realities of regulation, preservation, and public opinion.
Alcatraz is part of the Golden Gate National Recreation Area and attracts more than a million visitors each year under long-standing preservation plans.
Any attempt to build a large new structure there would face steep legal and regulatory barriers.
The National Park Service oversees the island, and any change would likely require state and regional approval as well.
Preservation advocates have already spoken out this summer against proposals to alter Alcatraz’s federal stewardship. They call it “one of the most iconic and heavily visited” parks in the country, generating about $60M a year in tourism revenue.
Legal experts note that changing the island’s designation would trigger a lengthy public process and review across multiple agencies. That means any redevelopment effort would face years of scrutiny before a single brick could be laid.
The pitch arrives as crypto’s role in US politics keeps growing. Fairshake, the industry’s main super PAC, reported raising $260M in the 2023–24 election cycle.
The fundraising has continued into 2025, as new committees and donors line up ahead of the 2026 midterms.
Last month, the Winklevoss twins added to that momentum with a $21M contribution to a new PAC backing pro-crypto candidates.
Today, @cameron and I donated $21 million in bitcoin (188.4547 BTC) to the Digital Freedom Fund PAC. The mission of the @FreedomFundPAC is to help realize President Trump’s vision of making America the crypto capital of the world. Since inauguration, @POTUS and his Administration…
— Tyler Winklevoss (@tyler) August 20, 2025
Advocacy groups have warned that such donations are part of a wider surge of political spending this fall, showing how digital asset policy has become a key Washington issue.
Calvin’s nonprofit presents the Prometheus project as a national symbol of ambition and progress, “a beacon of optimism and human triumph.”
Materials from Parhelion highlight Calvin’s decade-long work in Bitcoin mining and his leadership of the foundation behind the proposal.
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