In a movement that reflects corporate strategy, the organizations behind Cardano and Polkadot’s cryptocurrency network have begun efforts to incorporate Bitcoin (BTC) as a reserve for the Treasury’s value.
Cardano Co – proposed by Charles Hoskinson of Founder Convert $100 million to Cardan Tokens (ADA) and combine stub coins such as USDM and USDA.and Bitcoin aims to integrate them into the “high quality” of decentralized financial products (defi).
“We were able to take 100 million ADAs from the Treasury and turn them into stubcoins and bitcoins to strengthen our duty position,” Hoskinson said.
Meanwhile, at the Polkadot Ecosystem, a member of his governance forum known as “Hippienk” proposed a proposal to diversify the Ministry of Network Treasury. This initiative proposes converting 500,000 dots to TBTCOne year through the “Continuous DCA” hydration strategy, Polkadot’s debt platform, tokens representing Bitcoin on other networks.
A small fraction of 0.005 TBTC is then assigned as liquidity to the Hydration Omnipur, a pool of assets that facilitate exchange within the network. The action seeks to diversify the Polkadot portfolio, support a rebellious ecosystem and protect against economic uncertainty. According to the proponent, implementation could begin next week after discussions in the forum.
Bitcoin, which has been recognized for his solid performance over the past decade, continues to outperform altcoins in terms of performance as an investment. This advantage motivated networks such as Cardano and Polka Dot to be considered strategic reserves.just like companies are doing it, as they report Cryptootics.
Therefore, cryptocurrency networks emulate the behavior of traditional companies, placing Bitcoin as a purse pillar.
