🔎 Over the past month, multiple altcoin protocols have proposed purchasing @Bitcoin by selling their own project tokens. Let's take a closer look at @Cardano and @Polkadot, both of which have proposed purchasing Bitcoin. ₳ Cardano proposal: Convert $100m of its project token ($ADA) to a mix of stablecoins and bitcoin 🎯 Polkadot proposal: Convert $1-2m worth of its token ($DOT) Why? ➡️ To spur Bitcoin-related financial services activity within their respective ecosystems ➡️ Diversification benefits of bitcoin in managing their treasuries more like a portfolio Learn more: