The decision to make the transfer to a cold wallet came after El Salvador’s bitcoin treasury swelled unexpectedly, nearly doubling its previously known stash. The country had been acquiring bitcoin through various means, including daily purchases, sales of passports, currency conversions for businesses, mining and government services. This approach has dramatically increased El Salvador’s bitcoin holdings, which were believed to be less than 3,000 BTC before this revelation.
Bitcoin Bulls Play ‘Heads I Win, Tails Bears Lose’ as BTC Tops $94K
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi,...
