Polkadot might soon start holding Bitcoin in its treasury for the first time. A new community proposal suggests using 500,000 DOT to gradually buy tBTC: a version of Bitcoin that works within the Polkadot network.
If the proposal goes through, it would be a big change for Polkadot’s treasury, which so far has only held DOT and other native assets. This would be the first time it adds Bitcoin to the mix.
Backers of the idea see it as a hedge, a way to give the treasury a degree of protection during market downturns, while also signaling support for a multi-chain future.
The tBTC would enter the network through the Threshold Network’s decentralized Bitcoin bridge, meaning no centralized party would hold custody at any point in the process.
While still in early discussion, the proposal has gained traction. Several contributors see it as a prudent next step in treasury strategy, citing Bitcoin’s track record and market depth. Others have called for more clarity around risk management, particularly how the treasury would respond to volatility in BTC markets.
The author of the proposal says it could be ready for an on-chain vote as early as next week, depending on how the remaining forum debate unfolds.
Should it pass, Polkadot would join a small group of blockchain networks experimenting with Bitcoin-backed treasuries, a move that could influence how other ecosystems manage their own reserves going forward.
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