These days, everyone's talking about "Strategic Bitcoin Reserves" or Sovereign Wealth Crypto Funds, so why don't we also talk about them here on the Steem blockchain?

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The idea is simple: **_Strategic Bitcoin Reserve_**: Buy and hold BTC (or Wrapped BTC?) in order to enhance the value of an organization, or even a nation. Prominent examples include El Salvador, Strategy (formerly MicroStrategy), the state of [Texas](https://cointelegraph.com/news/texas-senate-passes-bitcoin-strategic-reserve-bill) (among others), and maybe even the [United States](https://www.investors.com/news/bitcoin-white-house-crypto-summit-executive-order-crypto-council/). **_Sovereign Wealth Crypto Fund_**: This is basically the same, but it includes a basket of cryptocurrencies, instead of just BTC. Off-hand, I can imagine two conceivable benefits if we implemented a community-owned and managed fund like that here: 1. Use cost averaging to increase the Steem ecosystem's value in similar fashion to what [Strategy](https://www.strategysoftware.com/) has demonstrated. 2. Increase the value of SP as investors wrestle for control over the fund's purchasing decisions. Therefore, the question is this: Should the Steem community make use of the [Steem Proposal System](https://steemitwallet.com/proposals) (currently [worth $4-5 million (~44-55 BTC)](https://steemitwallet.com/@steem.dao/transfers)) in order to build a [Bitcoin Reserve](https://seekingalpha.com/article/4764400-strategy-not-selling-kidneys-but-doubling-down-on-bitcoin-reserve-news) and/or [Crypto Wealth Fund (i.e. maybe based on a basket of TRX and TRX-related tokens)](https://www.reuters.com/markets/wealth/dealmaker-michael-grimes-expected-lead-new-us-sovereign-wealth-fund-sources-say-2025-03-05/) as a [community-owned strategic reserve](https://bitcoinreservemonitor.com/) for the Steem ecosystem?

[![](https://cdn.steemitimages.com/DQmSomJo5xiHuqqTTF13KhtmHRXe4yroShbk8ERtTKY9KHk/image.png)](https://pixabay.com/illustrations/hand-thumb-gesture-yes-no-977429/)

^{Pixabay license from kalhh}

### If so, why? And how could it be accomplished? Maybe the community could build upon the multi-key setup that was already created for token burning (before [SBDs were delisted by upbit](/crypto/@justyy/crypto-news-sbd-will-be-delisted-at-upbit))? Or maybe the community could use the SPS to hire a reputable development firm to create the mechanism? Finally, how would the community audit the mechanism to minimize the risk from vulnerabilities and exploits? ### If not, why not? **_Possible challenges_**: Risk of hacking; technical difficulty with making the purchases; regulatory risk; deviation from Steem's core vision; anything else? Post your thoughts below!

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Thank you for your time and attention.

As a general rule, I up-vote comments that demonstrate "proof of reading".

^{Steve Palmer is an IT professional with three decades of professional experience in data communications and information systems. He holds a bachelor's degree in mathematics, a master's degree in computer science, and a master's degree in information systems and technology management. He has been awarded 3 US patents.}

https://steemitimages.com/DQmWwM8dKvSHH9cqp2om3L8zU5iovAw4ZZeDvjMAc8DBwdE/image.png ---

[![image.png](https://cdn.steemitimages.com/DQmVc5QiSemwTgbZBBvWaDjzW3h3PbDhjLTcN3Vq2HeLA4K/image.png)](/promoted)

^{Pixabay license, source}

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