Sunnyvale Public Safety Officers' Association (PSOA) Makes History by Becoming the First Police and Fire Association in the United States to Hold Bitcoin on Its Balance Sheet

This move is part of the “Get Off Zero” initiative by Proof of Workforce, aiming to persuade organizations to allocate a portion of their assets into Bitcoin.

Sunnyvale Public Safety Officers’ Association (PSOA) 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, aiming to persuade organizations to allocate a portion of their assets into Bitcoin.

The announcement was made by Dom Bei, founder of Proof of Workforce, on X (formerly Twitter). He highlighted the significance of PSOA’s decision, which sets a historical precedent within the public safety domain.

"Huge win for Bitcoin adoption. Sunnyvale Public Safety Officers' Association (PSOA) becomes the first police & fire association in the U.S. to put Bitcoin on its balance sheet. This is no small feat. It's a big deal," said Bei.

He further explained that PSOA's members, who include police officers, firefighters, EMTs, and emergency dispatch professionals, are serving and protecting the community of Sunnyvale.

"They are a non-profit, collective bargaining unit that represents over 200 public safety professionals. Their action is part of the "Get Off Zero' initiative by Proof of Workforce to persuade organizations to allocate a portion of their assets into Bitcoin."

The initiative, launched in January 2024, aims to encourage entities to move away from having zero exposure to cryptocurrency.

The post Sunnyvale Public Safety Officers' Association (PSOA) Becomes the First Police and Fire Association in the U.S. to Put Bitcoin on Its Balance Sheet

"Huge win for Bitcoin adoption. Sunnyvale Public Safety Officers' Association (PSOA) becomes the first police & fire association in the U.S. to put Bitcoin on its balance sheet. This is no small feat. It's a big deal.

We're used to seeing institutions like the U.S. government making headlines for adding the world's best reserve asset to their portfolios but this is different.

PSOA's members—police officers, firefighters, EMTs, and emergency dispatch professionals—are the ones who serve and protect the community of Sunnyvale. A non-profit, collective bargaining unit that represents over 200 public safety professionals, PSOA's decision is a testament to the growing awareness and acceptance of cryptocurrency among unexpected sectors.

This move is part of the "Get Off Zero" initiative by Proof of Workforce, a collective founded by Dom Bei, to persuade organizations to allocate a portion of their assets into Bitcoin. The initiative, launched in January 2024, aims to encourage entities to move away from having zero exposure to cryptocurrency.

In addition, Bei is set to speak at the Bitcoin 2025 conference in Las Vegas, scheduled for May 27-29. Considering the Sunnyvale news, it is likely he will discuss this initiative and its impact on associations like the PSOA.

As Proof of Workforce continues to foster the adoption of Bitcoin across various sectors, this move by Sunnyvale's public safety officers' association could spark a chain reaction, potentially encouraging other public safety and governmental agencies to explore cryptocurrency as a viable asset class. However, in the present climate, with Bitcoin dropping below the $80k mark and reaching its lowest price since November 2023, it remains to be seen how quickly this adoption unfolds. Nevertheless, this development is a positive step in expanding the use cases for Bitcoin beyond the traditional financial institutions and into the realm of public service and community engagement.appeared first on Coin Edition.