Polkadot Community Members Pitch Bitcoin as Treasury Stability Strategy

Polkadot community members pitch Bitcoin as treasury stability strategy

Polkadot seeks stability with $2M Bitcoin reserve strategy amid DOT downturn – MAXBIT

A new proposal within the Polkadot ecosystem is pushing for the creation of a Strategic Bitcoin Reserve. According to the proposal, the plan involves converting 500,000 DOT, valued at around $2 million, into Threshold Bitcoin (tBTC), a wrapped version of Bitcoin secured through threshold cryptography, which ensures decentralization and non-custodial management. Polkadot’s Bitcoin proposal Before...

Polkadot Community Considers Bitcoin Reserve Using 500,000 DOT Amid Ongoing Discussions

The Polkadot community is actively discussing a proposal to create a Bitcoin reserve by converting 500,000 DOT into tBTC, signaling a strategic shift towards Bitcoin-backed assets. This initiative leverages Hydration’s

Polkadot Eyes Bitcoin Reserve With tBTC Liquidity Proposal

Polkadot may add Bitcoin to its treasury by converting 500,000 DOT using tBTC. Hydration’s DCA system will automate the process to reduce risk and promote steady growth. Community feedback indicates support for BTC exposure, along with concerns about market timing. Polkadot is exploring a major treasury shift by proposing to convert 500,000 DOT into tBTC over the course of a year. The proposed strategy uses Hydration’s “rolling DCA” system to au…