Roswell, New Mexico has made financial history in the municipality by becoming a first city in the United States to have a Bitcoin's official reserve.
Small donation puts large motion plans for emergency funds
As per city official, the first little first donation of 3,050,323 Satoshis (0.0305 BTC) will develop the basis for a more significant financial plan.
The city accepted its first cryptocurrency donation of 0.0305 BTC (around $ 2,845) on April 29, 2025, to kick what officials called “Roswell Strategic Bitcoin Reserve.”
Crypto stockpile to grow
The reserve will increase additional donations of bitcoin and sponsorship for a decade. As per the city council report, the Crypto Hoard must accumulate for $ 1 million before it can be applied as an emergency fund.
I am glad to update that Mayor Pro tem Juliana Halvorson arrived by my work earlier and we signed a receipt from City Hall, saying that @Roswellnmgov Now custodies our Bitcoin Strategic Reserve, as well as offering tax deductions for donations.
Now my heart is full. pic.twitter.com/imo717r7zf
– Guy Malone, CBP (@richnfrenz) April 30, 2025
The city government will guard the cryptocurrency reserves, with strict control steps in the area. Any expenditure from the reserve must be approved by the city council.
Regulations allow up to 21% of the total reserves to be spent every five years, with a priority given in helping older people paying water fees and supporting emergency disaster relief efforts.
🚨 Roswell, nm just made history — the first city to start one's own government #Bitcoin Reserve!
It started at only $ 2,906 $ Btc … but it will be tapped at the moment it hits $ 1 million!
This is how early adoption begins.#Crypto pic.twitter.com/b3t05qehw9
– Crypto Patel (@cryptopatel) May 1, 2025
Other states are moving towards Bitcoin investment
Roswell's leading action was made as some states consider the same cryptocurrency steps. Arizona's Legislature recently approved Senate Bills 1025 and 1373, which would allow the state's Treasury and Retirement Fund to invest in 10% of their balance in virtual currencies. These steps now go to Governor Katie Hobbs for signing.
Crypto reserves become popular throughout the country
Trend toward state reserves beyond New MexicoArizona, Alabama, and North Carolina. Texas, California, Florida, and New Hampshire have all been interested in creating their own BTC reserves.
🇺🇸 Updating State Reserve breed:
North Carolina Bitcoin Reserve Bill HB92 passes home!
The NC is the fifth legislature of the state to pass SBR law by at least one room. pic.twitter.com/a6dbb8zuce
– Bitcoin Laws (@bitcoin_laws) April 30, 2025
This emerging trend indicates a major change in how the state and local government think about cryptocurrency handling. While bonds and stocks have been traditionally held in government finances for centuries, Bitcoin is now drawing attention as a viable alternative for public coffins.
Roswell's newly -close encounter: Crypto enters the city orbit
In a city that has long been synonymous with mysteries beyond this world, it is only natural that Roswell is now leading an unworthy financial future.
By becoming the first US municipality to use Bitcoin as a reserve of possession, Roswell re -positioned in front of an otherworldly tale – at this time, however, flying objects were a digital nature.
Featured image from UNSPLASH, chart from tradingview
Editorial process For Bitcoinist centered on delivering thoroughly researched, accurate, and unbiased content. We promote strict sources of sourcing, and each page undergoes our team's enthusiastic examination of the leading technology experts and timely editors. This process ensures the integrity, relevance, and value of our content for our readers.
