RoswellBTC
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šŗšø BREAKING: Roswell, New Mexico Becomes First U.S. City to Hold Bitcoin as a Reserve Asset
š Historic First: Roswell just made history as the first city in the U.S. to officially hold Bitcoin in its municipal reserves. A bold move that could inspire others to follow.
šø First BTC Received: On April 29, 2025, the city received a donation of 0.0305 BTC (about $2,900) ā kicking off what they call a āStrategic Bitcoin Reserve.ā
š Long-Term Vision: Roswellās goal is to grow this reserve to $1 million over the next decade. Think of it like a digital rainy-day fund for the city.
š§ People-First Purpose: Once it hits that target, Roswell can use up to 21% of it every 5 years (with unanimous city council approval) for local causes ā like helping seniors with utility bills or responding to emergencies.
š Transparent Management: The fund will be tightly governed by city officials, with a clear emphasis on transparency and long-term planning.
š Setting an Example: This isnāt just about crypto ā itās about cities taking financial innovation into their own hands. Roswell could be just the beginning.
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TL;DR: A small town known for UFOs might now be leading a wave of Bitcoin adoption at the city level. Wild, right?
šŗšø BREAKING: Roswell, New Mexico Becomes First U.S. City to Hold Bitcoin as a Reserve Asset
š Historic First: Roswell just made history as the first city in the U.S. to officially hold Bitcoin in its municipal reserves. A bold move that could inspire others to follow.
šø First BTC Received: On April 29, 2025, the city received a donation of 0.0305 BTC (about $2,900) ā kicking off what they call a āStrategic Bitcoin Reserve.ā
š Long-Term Vision: Roswellās goal is to grow this reserve to $1 million over the next decade. Think of it like a digital rainy-day fund for the city.
š§ People-First Purpose: Once it hits that target, Roswell can use up to 21% of it every 5 years (with unanimous city council approval) for local causes ā like helping seniors with utility bills or responding to emergencies.
š Transparent Management: The fund will be tightly governed by city officials, with a clear emphasis on transparency and long-term planning.
š Setting an Example: This isnāt just about crypto ā itās about cities taking financial innovation into their own hands. Roswell could be just the beginning.
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TL;DR: A small town known for UFOs might now be leading a wave of Bitcoin adoption at the city level. Wild, right?
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