Roswell, NM Launches First U.S. City Bitcoin Reserve with $3,000 Donation, Aims for $1M

Roswell, New Mexico, has become the first city in the United States to establish a strategic Bitcoin reserve, following a $3,000 Bitcoin donation. The city's officials are meeting to consider the formal creation of this reserve.

The reserve was initiated with a donation of 0.0305 BTC, valued at $2,906 at the time of receipt. The funds are to be held until they reach a $1 million threshold before being utilized.

In a related development, the mayor of Panama City has announced plans for the country to establish its own strategic Bitcoin reserve, signaling a growing trend of municipal and national interest in cryptocurrency.

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