Buy $GGsBitcoin Reserve News: Roswell Becomes First US City to Hold BTC as a Reserve Asset
Highlights
- New Mexico's Roswell adopts a Bitcoin reserve and receives 3,050,323 satoshis.
- The city will hold Bitcoin donations and sponsorships for at least 10 years.
- The mayor of Panama City has revealed plans to embrace Bitcoin as its national reserve.
In the latest Bitcoin reserve news, the New Mexico city of Roswell has officially adopted BTC as its reserve asset. Diversifying its treasury, Roswell has become the first US city to embrace a Strategic Bitcoin Reserve.
Notably, the city’s move highlights a growing trend of embracing crypto assets and Bitcoin, with governments increasingly considering BTC as a reserve asset.
New Mexico’s Roswell Embraces Bitcoin Reserve
Bitcoin Magazine revealed via its latest X post that New Mexico’s Roswell has become the first US city to adopt a Bitcoin Reserve.
Reportedly, the city has received its first BTC donation of 3,050,323 satoshis (about 0.0305 BTC), as part of its vision of establishing a BTC reserve. At the time, the Bitcoin donation was valued at about $2,906. This fund will be used by the authorities as “seed money” to initiate the reserve proceedings.
Roswell’s Reserve Plan: A Closer Look
According to the city’s official filing, Roswell received the Bitcoin fund on April 29, 2025. The government is expected to hold Bitcoin donations and sponsorships for at least 10 years, in an attempt to accumulate more funds.
Once it reaches $1 million, the fund will be tapped into as the“Bitcoin emergency fund.” Then, the city could use 21% of the BTC fund every five years, pending unanimous City Council approval. The fund’s priority use cases include subsidizing water bills for local elderly residents and supporting emergency disaster response efforts.
This move comes on the heels of Crypto Advisory Committee Director Bo Hines’ endorsement of a BTC reserve. He acknowledged Trump’s crypto policies and their potential to transform America into a blockchain leader.
Diverse Approaches to Bitcoin Reserve
Countries across the world are considering adopting the Bitcoin reserve for financial stability and innovation. Under President Donald Trump, the US has been at the forefront of discussions around crypto adoption, with various governments considering similar initiatives.
Recently, the Arizona House of Representatives voted in favor of adopting a BTC reserve. Coinciding with Roswell’s development, the mayor of Panama City has revealed plans to embrace Bitcoin as its national reserve.
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