The city of Roswell, New Mexico, establishes a strategic Bitcoin reserve and emergency fund

2025-04-30 17:31:38

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According to ChainCatcher news, an official document image released by Bitcoin Magazine shows that the city of Roswell, New Mexico, has officially confirmed the receipt of its first Bitcoin donation totaling 3,050,323 satoshis (approximately 0.0305 BTC), valued at about $2,906 at the time. This donation serves as "seed funding" to initiate and establish the "Roswell Strategic (Bitcoin) Reserve" managed by the city government.

According to the document, the fund will:

Be held for at least ten years to accumulate Bitcoin donations and sponsorships;
Be available for use as a "Bitcoin emergency fund" after reaching the $1 million threshold, with 21% accessible every five years, requiring unanimous approval from the city council;
Be prioritized for subsidizing water bills for local senior residents and emergency disaster response.

The donation was officially received on April 29, confirmed by Roswell's acting mayor Juliana Halvorson and Bitcoin certification expert Guy Malone. The donation address has been made public.

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