🔎 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: https://coinshares.com/insights/research-data/altcoin-projects-are-buying-bitcoin/?utm_source=twitter&utm_medium=social&utm_campaign=Research&Data_0725&utm_content=altcoin-projects-are-buying-bitcoin(CoinShares)