Roswell Makes History as First U.S. City to Create Bitcoin Reserve

Roswell, a city in New Mexico, has officially adopted Bitcoin (BTC) as a part of its financial reserve. This makes Roswell the first city in the United States to take such a step. As revealed in a recent X post , the city plans to build a Bitcoin reserve that can be used in the future to support essential community needs. This decision is part of a growing trend where governments are beginning to accept Bitcoin as a valuable financial tool. Roswell Receives First Bitcoin Donation On April 29, 2025, the city of Roswell received its very first Bitcoin donation. The amount was 3,050,323 satoshis, which equals about 0.0305 BTC, worth about $2,906 at the time. This donation will serve as “seed money” to build Roswell’s Strategic Bitcoin Reserve. The city plans to grow this reserve by accepting more Bitcoin donations and sponsorships. According to the city’s official filing, the funds will be held for at least 10 years. The goal is to allow the Bitcoin reserve to grow in value over time. The city may use part of the funds once the total reserve reaches $1 million. How Roswell’s Bitcoin Reserve Will Be Used Roswell plans to use the Bitcoin reserve only in special situations. Once the fund reaches $1 million, the city can use up to 21% every five years. However, this will only happen if the City Council gives full approval. The city has shared ways it may use the Bitcoin funds in the future. One important use is to help older residents by lowering their water bills. Another use is to provide support during emergency events, such as natural disasters or power outages. The reserve is meant to act as an emergency fund that can help protect the city during hard times. A Growing Trend Across Cities and Countries Roswell’s decision to start a Bitcoin reserve is part of a more significant trend. More cities and countries are considering holding Bitcoin as part of their financial plans . They believe the digital asset could help improve long-term economic stability and support innovation. Bo Hines, the Director of the Crypto Advisory Committee, has supported the idea of Bitcoin reserves. He also spoke about how President Donald Trump’s crypto policies are helping bring digital assets into national conversations. These policies have encouraged more local governments to explore blockchain technology and cryptocurrencies. Recently, Arizona’s House of Representatives voted to support a Bitcoin reserve as well. In addition, the mayor of Panama City has also shared plans to adopt Bitcoin as part of their national reserve. These actions show that both local and national leaders are beginning to take Bitcoin seriously as a reserve asset. The post Roswell Makes History as First U.S. City to Create Bitcoin Reserve appeared first on TheCoinrise.com .