El Salvador Doubles Down on Bitcoin

El Salvador Doubles Down on Bitcoin

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 …

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El Salvador Has Thousands More Bitcoins Than Previously Known

El Salvador Has Thousands More Bitcoins Than Previously Known

El Salvador became the first country to purchase bitcoin as a treasury asset in September 2021, when a single coin cost around $52,000. On Thursday BTC prices were north of $72,000, though in the past 24 hours the asset has traded above $73,000 and as low as $68,000. Source link