Polkadot, one of the leading blockchain systems, may consider adding Bitcoin to its treasury for the first time. This proposal is being discussed in the community and aims to use 500,000 DOT to acquire tBTC—a version of Bitcoin for the Polkadot network.
The Proposal to Add Bitcoin to Polkadot's Treasury
A new community proposal suggests using 500,000 DOT to acquire tBTC. If approved, this would mark Polkadot's first attempt at adding Bitcoin to its treasury, which has so far only held DOT and other native assets.
Advantages and Concerns
Proponents of the idea see it as a hedge, providing the treasury with protection during market downturns while also signaling support for a multi-chain future. However, some contributors have raised questions about the risks associated with the volatility of BTC markets.
Next Steps and Voting
The proposal's author indicated it could be ready for an on-chain vote as early as next week, depending on how the remaining forum discussions unfold.
Should it pass, Polkadot would join a small group of blockchain networks experimenting with Bitcoin-backed treasuries, which could influence how other ecosystems manage their own reserves.
