- Cardano and Polkadot are planning to buy Bitcoin using parts of their own tokens.
- These steps follow Bitcoin’s growing role as a treasury asset in public firms.
- Meanwhile, a renewed debate on burning old Bitcoin tied to quantum risks is gaining attention.
Cardano and Polkadot, two of the crypto industry’s longer-standing projects, are looking to bring Bitcoin into their treasury plans.
As revealed in a CoinShares report, Cardano is pushing a proposal to swap $100 million worth of ADA tokens for a mix of BTC and stablecoins. Polkadot is exploring a smaller move, considering a $1–2 million conversion from its DOT holdings.
The reason behind this pivot is clear: they want to introduce BTC-related services within their ecosystems and manage their treasuries in a more balanced way.
Both ADA and DOT have, over time, underperformed next to BTC, and these proposals seem consistent with that understanding. Ownership in Bitcoin, a more liquidated and respected asset, could provide the financial solidity these projects seek as their respective native coins fail.
This is nothing new; already, MicroStrategy has entered the fray, buying 145,000 BTC in the year to date. In contrast, altcoin offers for Bitcoin are modest.
Even presuming they invest 1–10% of their treasuries, it would be roughly $100 million to $1.3 billion, which is nowhere near enough for creating any serious impact on the market, especially when compared with the massive weekly inflows in 2025 into Bitcoin ETFs.
Also Read: Bitcoin Near $120,000 Resistance: Will It Break Through or Face a Pullback?
Bitcoin Hardfork Debate Returns With Quantum Concerns
While there are altcoins considering the inclusion of BTC in treasuries, there is debate in the Bitcoin space regarding coin burning belonging to old, quantum-prone addresses. Developers claim it can prevent future risks due to quantum computing.
But technologies like these are well beyond a decade, and opponents argue the action runs contrary to BTC’s basic tenet of immutable possession; coins that aren’t spent could simply become unavailable, rather than abandoned.
Roughly 1.7 million BTC fall into this category, but only around 10,200 BTC are large enough to cause a minor market wave. Even if all of them suddenly moved, the effect would be temporary, no greater than a regular, large-scale sell-off by a BTC whale. The market has already proven its ability to absorb similar activity.
Altcoins Embrace Bitcoin as Treasury Logic Evolves
Certain altcoins, such as Cardano and Polkadot, are considering holding BTC to expand their treasuries, not to replicate Terra Luna’s failed strategy, but to benefit from BTC’s stronger performance with reduced risk.
However, widespread usage is unlikely due to community politics, bad publicity, and reluctance in sidelining home coins, as even the Solana founder reminded us.
But the action speaks louder than words. Projects are slowly returning to BTC after initially trying to migrate away from it, not necessarily due to an ideological alignment, but simply because BTC does function. It’s secure and stable, and it’s spearheading the adoption drive in crypto and regular finance.
Also Read: SpaceX Moves $153 Million Worth of Bitcoin After 3 Years
