Polkadot’s Threshold Bitcoin plan under fire: ‘Long-term thinking’ or ‘garbage’?
Polkadot proposes converting 500,000 DOT into Bitcoin via tBTC for treasury diversification. Community debates plan amid DOT price slump and delayed SEC decision on Polkadot ETF. Polkadot [DOT] is considering a bold shift in its treasury strategy by proposing a conversion of 500,000 DOT tokens into Threshold Bitcoin (tBTC), a Bitcoin-backed ERC-20 token. The initiative,…