The Sunnyvale Public Safety Officers’ Association in California has become the first police and fire association in the US to hold Bitcoin on its balance sheet. This move is part of the "Get Off Zero" initiative by Proof of Workforce, which encourages organizations to allocate a portion of their assets into Bitcoin. The adoption of cryptocurrency by public safety organizations is a growing trend, and this move by PSOA could encourage other agencies to explore cryptocurrency as a viable asset class. The decision to include Bitcoin on its balance sheet is seen as a diversification strategy to protect funds in case of market fluctuations. However, the current crypto market is not doing well, with Bitcoin's price dropping below $80k.
Content Editor ( coinedition.com )
- 2025-03-12
Sunnyvale Public Safety Officers’ Association Adds Bitcoin to Balance Sheet
