Roswell Becomes First US City to Hold Bitcoin Reserves, Sparks $60 Billion Market Surge

May 1, 2025
Roswell Becomes First US City to Hold Bitcoin Reserves, Sparks $60 Billion Market Surge
  • Roswell, New Mexico, has made history as the first city in the United States to incorporate Bitcoin into its reserve holdings, marking a pivotal moment in municipal cryptocurrency acceptance.

  • The trend of municipalities considering Bitcoin reserves is growing, with several jurisdictions, including Arizona, actively exploring investments in virtual currencies.

  • Roswell's initiative was catalyzed by an inaugural Bitcoin donation of over 3 million satoshis, valued at approximately $2,906, received on April 30, 2025.

  • The city aims to build its Bitcoin reserve through donations and sponsorships, with a goal of accumulating $1 million over the next decade for emergency fund purposes.

  • Following the announcement, Bitcoin's market capitalization surged by $60 billion, reflecting increased confidence from both institutional and retail investors.

  • This initiative is part of a broader movement in New Mexico, where Senate Bill 57 proposes allocating 5% of public resources to Bitcoin to enhance financial resiliency.

  • If the reserve surpasses $1 million, Roswell plans to allocate 21% of the Bitcoin for disaster relief every five years, subject to city council approval.

  • Roswell's decision coincides with federal discussions about establishing a Strategic Bitcoin Reserve, highlighting a significant shift in the perception of digital currencies at the national level.

  • The Roswell Strategic Reserve (RSR), established in January 2025, is designed to minimize taxpayer risk while engaging with digital currencies, with plans to keep Bitcoin in cold storage for five to ten years.

  • Funds generated from the Bitcoin reserve will support local projects, including subsidizing water bills for elderly residents and funding emergency disaster response efforts.

  • This groundbreaking decision aligns with Arizona's recent legislative approval of two bills that would allow the state to invest 10% of its public assets into Bitcoin, pending the governor's endorsement.

  • Roswell's pioneering step may encourage other American cities to adopt Bitcoin as a strategic response to inflation and scrutiny of traditional financial systems.

Summary based on 4 sources


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Roswell Becomes First US City to Adopt Bitcoin as Reserve Asset

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