Bitcoin Reserve Creation Craze Continues to Spread! Giant Blockchain Project Also Prepares to Create Bitcoin Reserve! Here Are the Details
Members of the Polkadot community have submitted a new proposal to create a Bitcoin Strategic Reserve for the network's Treasury.
Polkadot Community Proposes Bitcoin Strategic Reserve Using Treasury Funds
The plan currently being discussed on the Polkadot governance forum proposes allocating 501,000 DOT (Polkadot’s native token) to gradually purchase tBTC, a decentralized, Bitcoin-backed token.
Under the proposal, the tBTC purchase will be carried out over a period of one year using Hydration’s Rolling Dollar-Cost Averaging (DCA) mechanism, providing a stable and risk-free entry into the Bitcoin position.
Once purchased, tBTC will be deposited into the Hydration Omnipool as liquidity, leveraging the Threshold Network’s custody-free Bitcoin bridge to maintain full decentralization and asset security.
Proponents of the proposal argue that the move would diversify the Treasury’s holdings, provide a hedge against market volatility, and promote cross-chain liquidity in the Polkadot ecosystem. The proposal is still in the discussion phase and has not yet been put to an on-chain vote.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump celebrates 79th birthday with crypto fortune valued at $1,5 million
Spain’s Multiverse Computing Secures $215 Million to Make AI Models Smaller for Smartphones
Spanish quantum software company Multiverse Computing has raised $215 million in a Series B funding round, aiming to make artificial intelligence (AI) models smaller and more efficient for use on smartphones and other edge devices.

[Initial Listing] Bitget Will List Bombie (BOMB) in the Innovation, TON Ecosystem and Gamefi Zone
DAOs Set to Impact Healthcare Funding Innovations

Trending news
MoreCrypto prices
More








