Key notes
- Roswell became the first USCity to create a Bitcoin reserve.
- The reserve was launched with an anonymous donation from 0.0305 BTC.
- The fund will support public services and rescue in the event of a disaster in Roswell.
Roswell became the first American city to create a bitcoin reserve on April 29, 2025, when she created the Roswell Strategic Reserve (Bitcoin), confirmed by the interim mayor Juliana Halvorson and the professional guy Bitcoin Malone.
Guy Malone, using his page X, published an official Roswell City document, confirming the reception of his first Bitcoin donation. The donation was 0.0305 BTC or 3,050,323 Satoshis, which was worth around $ 2,906 when it was received.
I am delighted to update that the mayor pro Tem Juliana Halvorson came with my work earlier and we signed the receipt of the Town Hall, declaring that @Roswellnmgov From now on, the guards of our Bitcoin strategic reserve, as well as offer tax deductible receipts for donations.
Today, my heart is full. pic.twitter.com/imo717r7zf
– Guy Malone, CBP (@richnfrenz) April 30, 2025
According to the official document, the donation was intended to help establish the BTC reserve, which will be managed by the city government. Although the anonymous donation was sent to Roswell on January 3, 2025, it was officially transferred to the city guard on April 29, 2025, via the address of the Blockchain of the Roswell Strategic Reserve.
Roswell Strategic Reserve Initial terms
The fund will take place for at least ten years to develop donations and sponsorships of the BTC. After this period, donations can be used to compensate for water bills for the elderly in the city.
Once the fund exceeds $ 1 million, it is accessible as “liquid emergency fund”, with up to 21% for use every five years. Before the funds were allocated to a repair in the event of a disaster or for other purposes, a unanimous vote of the municipal council is required.
The announcement also said that cryptocurrency donations to the BTC reserve were welcome. Those who give more than $ 250 can request a receipt by sending their transaction identifier and its American postal address to the email address of Guy Malone. The reserve will also accept donations in other forms, including the USD and goods.
The state of the New Hampshire also plans to create a Bitcoin reserve. A bill on this subject should be brought to the Senate for a vote.
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Rose is a writer of cryptographic content with solid experience in finance and technology. It simplifies complex blockchain and cryptocurrency subjects, offering insightful articles and market analysis to help readers sail in the evolving cryptography landscape.
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