$BTC In an unexpected turn, Roswell, New Mexico, famous for its UFO incident in 1947, has become the first city in the U.S. with a Bitcoin reserve. This pioneering move was prompted by an anonymous donation of 3,050,323 satoshis (approximately 0.0305 BTC), valued at about $3,000 at the time of receipt on January 3.

The donation was officially transferred to the city’s custody on April 29 through the newly created "Roswell Bitcoin Strategic and Emergency Reserve Fund." The documents signed by Roswell's interim mayor, Juliana Halvorson, and certified Bitcoin professional, Guy Malone, detail that the fund will accumulate donations and sponsorships in Bitcoin, holding them for at least ten years.

The main goal is to potentially use the long-term appreciation of Bitcoin to alleviate 100% of the water bills for Roswell's senior citizens. Additionally, once the fund reaches one million dollars, up to 21% of its value may be used every five years as a liquid emergency fund for disaster relief, subject to unanimous approval from the City Council.

This initiative marks a significant milestone in the municipal adoption of cryptocurrencies in the U.S. Roswell's foray into Bitcoin, driven by a mysterious benefactor, opens a new debate on digital assets in public finance and could inspire other cities to explore similar strategies for economic resilience and community support. The future of this reserve and its impact on Roswell will be closely monitored by cryptocurrency enthusiasts and municipal leaders nationwide.