According to Mars Finance, on June 13, community members jump_BAHA_jump and Alice_und_Bob posted on the Polkadot forum proposing to establish an initial Bitcoin strategic reserve for the Polkadot treasury. This proposal responds to the community's vision in the previous referendum #1394 (Wish for Change), aiming to enhance the long-term stability and risk resistance of the treasury through asset diversification. Currently, this proposal has just been published on the Polkadot forum and has not yet officially started on-chain. Proposal #1394: This is a proposal that has been approved under 'Wish for Change', where community member @Phunky proposed to gradually convert 1 million DOT into Bitcoin as a new attempt for treasury asset diversification. This proposal intends to use 501,000 DOT (of which 500,000 DOT is for converting to tBTC, and 1,000 DOT for transaction fees), and will execute through the DCA (Dollar Cost Averaging) function of the Hydration protocol, gradually converting 500,000 DOT into tBTC over a year, and injecting it into the Hydration Omnipool as liquidity. BTC asset form: tBTC, a decentralized non-custodial BTC bridging solution provided by Threshold Network, utilizing a threshold ECDSA wallet mechanism.

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