The bitcoin reserve in Roswell makes the city of Roswell, New Mexico, the first in the United States to launch a municipal crypto fund. This initiative will support disaster relief and vulnerable communities by using a decentralized Bitcoin wallet managed by trusted local officials.
How the Bitcoin Reserve in Roswell Works
The creation of the bitcoin reserve in Roswell was led by acting mayor Juliana Halvorson and certified Bitcoin specialist Guy Malone. Once the fund reaches $1 million, the city can deploy these resources for emergency aid. Until then, the goal is to grow the reserve through voluntary crypto donations.
Decentralized Security for Roswell’s Crypto Fund
To secure the bitcoin reserve in Roswell, the seed phrase is divided among 24 trusted members, including local government, media, and law enforcement. This structure ensures transparency and prevents unauthorized access, setting a new model for managing public municipal crypto funds.
Donations, Tax Benefits, and First Contributions
Roswell’s crypto fund already received its first donation — approximately 0.0305 BTC (~$3,000). Donors contributing over $250 can receive tax benefits under local rules. These incentives encourage residents and outside supporters to back the strategic reserve in Bitcoin.
More Cities May Follow Roswell’s Example
This new municipal crypto fund comes at a time when more local governments explore blockchain-based finance. For example, Vancouver’s mayor has proposed holding digital assets in the city’s treasury to fight inflation and diversify reserves.
If successful, the bitcoin reserve in Roswell may serve as a model for other cities aiming to build financial resilience through decentralized systems.
