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Resident proposes a 'Bitcoin strategic reserve' for Newport News during public comment
Summary
A Newport News resident asked council to consider creating a municipal ‘Bitcoin strategic reserve,’ suggesting the city place a small percentage (about 1%) of its reserves into Bitcoin as a hedge against inflation and a potential revenue source; the item was presented during citizen comment and no council action was taken.
During the public comment period on July 22, 2025, a resident who identified himself as founder of an organization called "Bitcoinomics" proposed that Newport News create a Bitcoin strategic reserve. The speaker said the reserve would be a small, responsibly…
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