Roswell, New Mexico has made headlines as the first U.S. city to adopt Bitcoin as a reserve asset, after receiving a donation of 0.0305 BTC. This Bitcoin reserve aims to grow into a substantial emergency fund, overseen by the city council with initial plans focused on aiding local seniors and funding disaster responses. This move reveals a growing trend in other states like Arizona and Alabama exploring similar initiatives.
In a groundbreaking move, Roswell, New Mexico, has officially made history as the first U.S. city to establish a Bitcoin reserve. The city recently received its inaugural crypto donation of 3,050,323 satoshis, translating to around 0.0305 BTC. This donation is the foundational element of what they are calling the “Roswell Strategic Bitcoin Reserve,” under the administration of the city government.
The city saw this first donation on April 29, 2025, and at that time, the value of the 0.0305 BTC amounted to approximately $2,845. These funds will kickstart the new Bitcoin reserve, with plans for accumulating more donations and sponsorships over the next decade. The target? To elevate this reserve until it reaches a critical $1 million threshold, allowing it to be used as an emergency fund.
Oversight is a key point here. The city council will keep an eye on the Bitcoin reserve, ensuring that any use of it is unanimously approved. There’s a structured plan that allows for up to 21% of the reserve to be used every five years for specific needs. Initially, the aim is to provide financial relief to local seniors, particularly assisting with their water bills, alongside supporting emergency disaster responses.
This ambitious plan doesn’t stand alone, as increased interest in Bitcoin reserves is surfacing across the U.S. For example, Arizona’s Legislature, just a day prior, passed two Senate Bills—1025 and 1373—that would allow the Arizona Treasury and its retirement system to invest up to 10% of their funds in cryptocurrencies. These bills are currently waiting for the nod from Governor Katie Hobbs.
Similarly, Alabama is getting in on the action, proposing House Bill 482, which would allow its State Treasurer to allocate up to 10% of state funds toward Bitcoin investment. This legislation is framed to focus on digital assets, notably those with a market cap of at least $750 billion over the previous twelve months.
Not to be left out, states like Texas, California, Florida, and New Hampshire are also showing an interest in developing their own Bitcoin reserves. This trend may indicate a shift in how states view cryptocurrencies as viable investment options moving forward.
Disclaimer: This information is merely for educational purposes and should not be interpreted as financial advice. The opinions presented in this article may reflect the author’s viewpoints and do not necessarily represent those of The Crypto Basic. Readers should take their own steps to research prior to making any investment choices, and The Crypto Basic holds no responsibility for any financial losses.
