The Polkadot Treasury is actively evaluating a proposal to allocate approximately $2 million worth of DOT tokens towards purchasing Bitcoin. This strategic move aims to diversify Polkadot’s asset holdings and enhance financial stability, mitigating risks associated with DOT token price… Read More »Polkadot Considers $2 Million Bitcoin Reserve Strategy to Diversify Treasury
A proposal under discussion within the Polkadot community aims to convert 500,000 DOT tokens from the network’s Treasury into tBTC, a Bitcoin-backed asset. The plan involves utilizing Hydration’s automated Dollar-Cost Averaging (DCA) system to execute the conversion gradually. This method… Read More »Polkadot Community Debates Proposal to Convert Treasury DOT into Bitcoin-Backed tBTC
Polkadot’s governance community is evaluating a proposal to convert 500,000 DOT tokens into Threshold Bitcoin (tBTC) over a one-year period using a dollar-cost averaging (DCA) strategy. The initiative aims to diversify the network’s treasury holdings by gaining Bitcoin exposure for… Read More »Polkadot Considers Treasury Diversification: 500,000 DOT to tBTC via DCA Strategy
The Polkadot governance community is engaged in a pivotal debate over a proposal to diversify the network’s treasury holdings by converting 500,000 DOT tokens into Bitcoin. The plan recommends executing the conversion via Threshold Bitcoin (tBTC) using a 12-month dollar-cost… Read More »Polkadot Community Debates Proposal to Convert Treasury DOT to Bitcoin via DCA Strategy
The Polkadot community has advanced a proposal to bolster its treasury resilience by establishing a Bitcoin strategic reserve. The initiative involves converting 500,000 DOT tokens into tBTC, a decentralized and non-custodial representation of Bitcoin secured by the Threshold Network’s threshold… Read More »Polkadot Community Proposes Bitcoin Reserve with 500,000 DOT-to-tBTC Conversion