Roswell Goes Full Bull: First U.S. City to Hold Bitcoin as Treasury Reserve

Move over, gold—Roswell just rewrote the municipal playbook. The New Mexico city council voted unanimously to allocate 1% of its treasury reserves to Bitcoin, making it the first U.S. city to treat crypto like sovereign wealth. Critics call it a publicity stunt; proponents hail it as forward-thinking fiscal policy (and a not-so-subtle hedge against dollar debasement).

The move follows Miami’s 2021 crypto-friendly reforms but goes further—actual BTC sits on the balance sheet. Roswell’s mayor cited ‘asymmetric upside’ and ‘inevitable digitization of value’ in the announcement. Meanwhile, Wall Street bankers reportedly choked on their artisanal CBDC lattes.

Will other cities follow suit? Probably—once they figure out how to secure the private keys without losing them in a spreadsheet. For now, Roswell’s gamble proves even local governments are tired of watching inflation eat their cash reserves. That, or they’ve been watching too much ‘To the Moon’ TikTok.