The choice to make the switch to a chilly pockets got here after El Salvador’s bitcoin treasury swelled unexpectedly, almost doubling its beforehand recognized stash. The nation had been buying bitcoin via varied means, together with each day purchases, gross sales of passports, forex conversions for companies, mining and authorities providers. This strategy has dramatically elevated El Salvador’s bitcoin holdings, which had been believed to be lower than 3,000 BTC earlier than this revelation.
