UFO town Roswell becomes first US city to hold Bitcoin reserves
Summary ⚈ Roswell has become the first US city to create a Bitcoin reserve from donations. ⚈ Funds aim to reduce senior water bills and support emergency relief if needed. ⚈ Reserve locked for 10 years, with limited spending allowed after surpassing $1 million. Roswell, New Mexico, famous for a UFO incident alleged to have occurred near the city in 1947, has become the first city in the United States to establish a Bitcoin (BTC) reserve. The news was first broken by pseudonymous cryptocurrency YouTuber Crypto Rover in an April 30 X post. BREAKING: CITY OF ROSWELL, NEW MEXICO SETS UP STRATEGIC #BITCOIN RESERVE AS FIRST CITY! pic.twitter.com/D6r06vBaLx — Crypto Rover (@rovercrc) April 30, 2025 Per the shared document, the Roswell Strategic Bitcoin Reserve has received a “first seed” donation of 0.3050233 BTC, worth roughly $2,906 at the time of receipt. How the Roswell Bitcoin reserves will be used The UFO capital’s intention is for the reserv...