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Roswell Establishes First U.S. Bitcoin Reserve on April 29, 2025
On April 29, 2025, Roswell became the first U.S. city to establish a Bitcoin reserve, named the Roswell Strategic (Bitcoin) Reserve. This was confirmed by Acting Mayor Juliana Halvorson and Bitcoin professional Guy Malone.
- The city received its first Bitcoin donation of 0.0305 BTC (approximately $2,906) on January 3, 2025.
- This donation was officially transferred to the city's custody on April 29, 2025.
- The fund will be held for a minimum of ten years to grow the BTC donations.
- After ten years, donations can offset water bills for senior citizens in Roswell.
- Once the fund exceeds $1 million, up to 21% can be accessed every five years as a liquid emergency fund, pending a unanimous city council vote.
- Cryptocurrency donations are welcomed, and donors over $250 can request a receipt.
- New Hampshire is considering creating a Bitcoin reserve, with a bill set for a senate vote.