Roswell Becomes First U.S. City to Hold Bitcoin Reserves
- Roswell adopts Bitcoin reserves, initiated by Mayor Juliana Halvorson.
- Marked as first U.S. city to do so.
- Positive market response with a 3.2% Bitcoin price increase.
Roswell, New Mexico, marked a significant milestone on April 29, 2025, by becoming the first U.S. city to adopt Bitcoin reserves, starting with a donation of 0.0305 BTC.
This initiative indicates growing municipal interest in cryptocurrency, with Roswell’s adoption potentially inspiring more cities and affecting Bitcoin’s market dynamics.
Roswell Holds 0.0305 BTC as New Municipal Reserve
Roswell, New Mexico, has adopted a Bitcoin reserve with an initial donation of 0.0305 BTC. The reserve, initiated by Mayor Juliana Halvorson, launched officially on April 29, following planning and anonymous contributions.
Acting Mayor Halvorson and Bitcoin expert Guy Malone collaborated to establish this pioneering reserve. The city plans to hold Bitcoin donations and sponsor the fund for at least 10 years, marking a new chapter in municipal finance.
“I’m proud to officially acknowledge the establishment of Roswell’s Strategic Bitcoin Reserve, which positions our city at the forefront of cryptocurrency adoption in the United States.” – Juliana Halvorson, Acting Mayor, Roswell, New Mexico.
Bitcoin Price Rises 3.2% Following Roswell Announcement
The establishment of a Bitcoin reserve suggests a broadening acceptance of cryptocurrency among U.S. cities. The announcement led to a 3.2% surge in Bitcoin prices, reflecting market optimism.
Beyond market impacts, the reserve will support Roswell’s residents by funding public services such as water bill subsidies for the elderly, showcasing a socially responsible approach to Bitcoin investments.
First U.S. City to Integrate Bitcoin into Public Services
Roswell’s move is notable as it’s the first of its kind in the U.S., setting a precedent for municipal cryptocurrency adoption. Panama City’s similar plans corroborate a global shift towards digital reserves.
The success or failure of Roswell’s reserve could indicate future trends in municipal adoption of Bitcoin, with potential economic transformations and regulatory discussions on the horizon.
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