Cryptocurrency networks begin to accumulate Bitcoin

In a movement that reflects corporate strategies, organizations behind Cardano and Polkadot cryptocurrency networks have started efforts to incorporate Bitcoin (BTC) as a reserve of value in their treasury.

Charles Hoskinson, Cardano co -founder, proposed convert 100 million dollars to cardan tokens (ADA) into a combination of stablcoins such as USDM and USDAand in Bitcoin, with the aim of integrating them into decentralized financial products (Defi) “high quality”.

“We could take 100 million ada of the Treasury, turn them into stablcoins and bitcoin to strengthen our defi position,” said Hoskinson.

On the other hand, in the Polkadot ecosystem, a member of his governance forum known as “Hippienk” presented a proposal to diversify the Network Treasury. The initiative proposes to convert 500,000 DOT into TBTCa token that represents Bitcoin in other networks, for a year through the “continuous DCA” strategy of Hydration, a defi platform in Polkadot.

Subsequently, small fractions of 0.005 TBTC will be allocated as liquidity to the Hydration omnipool, a pool of assets that facilitates exchanges in the network. This action seeks to diversify the Polkadot portfolio, support the defi ecosystem and protect against economic uncertainty. According to the proponent, after debates in the forum, the implementation could begin next week.

Bitcoin, recognized for his solid performance in the last decade, continues to surpass Altcoins in terms of performance as an investment. This advantage has motivated networks such as Cardano and Polkadot to consider it a strategic reservein the same way as companies are doing, as has been reporting cryptootics.

Thus, cryptocurrency networks emulate the behavior of traditional companies, positioning Bitcoin as a pillar in their wallets.