Mysterious donor makes Roswell the first city with Bitcoin reserve in the US.
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The reservation, supervised by the City Council, will accumulate Bitcoin for a decade for emergencies.
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Roswell plans to use profits to relieve costs to the elderly and respond to disasters.
In the silent streets of Roswell, in the state of New Mexico, American territory, UFO rumors have whispered for decades, and now a new enigma surrounds its new treasure, one freshly created in Bitcoin (BTC) with which the city plans to redefine the municipal economy.
Roswell is making history by becoming the first American city to establish an official Bitcoin reserve, marking a milestone in the adoption of digital currency by local governments in the United States.
This city, which has always been synonymous with the unknown, from flying saucers to cosmos signs, now received an initial anonymous donation of 3,050,323 Satoshis, equivalent to 0.0305 BTC, with an approximate value of $ 2,845 at the time of reception.
This contribution, made anonymously on January 3, 2025, constitutes the basis of the “Bitcoin Strategic Reserve of Roswell”, administered by the municipal government.
The reserve, according to the municipal plan, It will focus on accumulating donations and sponsorships in Bitcoin For the next ten years. This with the aim of achieving a minimum amount equivalent to 1 million dollars, as detailed in a social networks shared document.
Once the threshold raised, the treasure can be used for specific purposes, such as an “emergency liquid background” for declared disasters, With the possibility of using up to 21% of its value every five years, always with the unanimous approval of the City Council.
In addition, it is contemplated to use profits to subsidize up to 100% of the water invoices of the elderly in Roswell, providing a direct financial relief to this sector of the population.
A Bitcoin background with long -term vision
The initial donation was received through a public direction of Bitcoin and now the city invites any entity to contribute to the fund. Donations greater than $ 250 can request an official receipt, as detailed by the person in charge of that task, Guy Malone, identified in the document as a professional certified in BTC.
As explained by Malone, the passwords that protect the funds of the Roswell Bitcoin Reserve are divided among several representatives of the city, guaranteeing safe and decentralized access. Besides, The funds are protected in a hardware walletstored in a safe place within the City Council, adding an additional layer of protection.
He added that the law allows anyone, from anywhere to make a donation to a municipal entity, and that was exactly what happened in Roswell. Without seeking anyone’s permission, an anonymous donor sent the funds, initiating this unprecedented reserve and demonstrating the freedom offered by the legal framework for such contributions.
Roswell is not the first to be transformed by a Bitcoin donation. In 2019, An anonymous donation in BTC arrived at El Zontea small coastal town of El Salvador, triggering a movement that made the town “Bitcoin Beach.”
This local experiment inspired President Nayib Bukele to adopt Bitcoin as legal tender in 2021, marking a global precedent. As in Roswell, an anonymous spark turned on a visionary change, demonstrating the power of donations to redefine the financial future.
It is curious that a municipality like Roswell, with a single donation, has surpassed entire states in the race to establish Bitcoin reserves. While Alabama and Texas discuss bills to authorize investments in the pioneer digital currency, this small city of New Mexico already has one without requiring so many legislative steps.
Beyond that, all this movement reflects a growing acceptance of Bitcoin as a strategic asset in the governmental field. Now Roswell is positioned as a model for other jurisdictions that seek to diversify their financial reserves in a context of economic uncertainty.
