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

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 mil...

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

Source: CryptoSlate

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 […]

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