Roswell Adopts Bitcoin as Reserve Asset
- Roswell, New Mexico, is the first US city to adopt Bitcoin as a reserve asset.
- The city received a donation of 3,050,323 satoshis (approximately 0.0305 BTC), valued at about $2,906.
- The Bitcoin fund was received on April 29, 2025, and will be held for at least ten years.
- Once the fund reaches $1 million, it will serve as a “Bitcoin emergency fund.”
- The city plans to use up to 21% of the fund every five years with City Council approval.
Roswell’s initiative marks a significant step in diversifying its treasury by using Bitcoin donations as seed money for establishing a strategic reserve. The plan includes using funds for local subsidies and emergency responses once it accumulates sufficient value.
Source (2.6)https://coingape.com/bitcoin-reserve-news-roswell-becomes-first-us-city-to-hold-btc-as-a-reserve-asset/?rand=24432