
Polkadot Proposes $1.9M BTC Diversification Amid 60% DOT Price Drop
Polkadot [DOT] is weighing a significant treasury shift with a proposal to convert 500,000 DOT tokens—worth approximately $1.9 million—into Threshold Bitcoin (tBTC), a Bitcoin-backed ERC-20 token. The move aims to diversify the network’s financial reserves and reduce exposure to native token volatility using a year-long dollar-cost averaging (DCA) strategy. Introduced by a community member under…