A $450 million plan to build a 450-foot-tall Prometheus statue on Alcatraz Island has been proposed by Bitcoin mining entrepreneur Ross Calvin, making it one of the most ambitious monument plans in recent memory.
According to bloombergofficially named “The Colossus of Prometheus on Alcatraz”, the concept features a towering nickel-bronze sculpture and a high-tech museum dedicated to innovation and entrepreneurship.
The project’s estimated height will exceed the height of the Statue of Liberty, which stands as a symbol of the “triumph of humanity” and spirit of self-sovereignty, often cited by cryptocurrency proponents.
Alcatraz Island, once a notorious federal prison, is now part of the U.S. National Park System and requires special federal permission to build.
The island’s protected status means plans face long hurdles and layers of consideration before groundwork can begin.
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Why are Bitcoin miners proposing to build a $450 million statue on Alcatraz?
Calvin, CEO of a Bitcoin mining company Parhelion He, founder of the nonprofit American Colossus Foundation, said his group plans to submit a formal proposal, including detailed renderings and technical plans, to federal regulators by January.
Early drafts describe the structure as a “beacon of optimism,” fusing art, technology, and mythology into a single monumental statement.
The timing of the pitch is perfect. It lands in a year where cryptocurrency wealth and political influence are increasingly intertwined in the United States. From campaign donations to technology-enabled policy advocacy, blockchain money is emerging as a force in Washington.
Against this backdrop, the giant statue honoring Prometheus, the mythical figure who brought fire to humanity, feels like a cultural and political message.
If built, the Prometheus Statue could redefine San Francisco’s skyline and attract millions of tourists each year.
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How will conservation laws impact Crypto’s idea for its grandest monument?
But for now, despite facing regulatory, storage, and public opinion realities, this remains a bold proposal that has captured the imagination of the crypto era.
Alcatraz Island is part of the Golden Gate National Recreation Area and attracts more than 1 million visitors each year under a long-standing preservation plan.
Any attempt to build large new structures there would face severe legal and regulatory hurdles.
national park service supervise Changes would also likely require state and local approval.
Preservationists have already voiced opposition this summer to a proposal to change federal management authority for Alcatraz Island. They call the park “the most iconic and most visited park in the country,” generating about $60 million in tourism revenue annually.
Points from legal experts Changing the island’s designation would trigger a lengthy public process and multi-agency review. That means redevelopment efforts face years of scrutiny before each brick is laid.
The proposal arrives as the role of cryptocurrencies in US politics continues to grow. Fairshake, the industry’s leading super PAC, reported It will raise $260 million in the 2023-2024 election cycle.
Fundraising continued through 2025, with new committees and donors lining up for the 2026 midterm elections.
Last month, the Winklevoss twins added It added to its momentum by donating $21 million to a new PAC supporting pro-crypto candidates.
today, @Cameron And I donated $21 million in Bitcoin (188.4547 BTC) to the Digital Freedom Fund PAC. mission of @FreedomFundPAC To help realize President Trump’s vision of making America the crypto capital of the world. Since its inauguration, @POTUS And his government…
— Tyler Winklevoss (@tyler) August 20, 2025
Advocacy groups warn that such donations are part of a broader political spending boost this fall and show how digital asset policy has become a hot topic in Washington.
Calvin’s nonprofit presents the Prometheus Project as a national symbol of ambition and progress, a “beacon of optimism and human triumph.”
Parhelion’s documents highlight Calvin’s decade-long efforts in Bitcoin mining and the foundation’s leadership behind the proposal.
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