Summary
TLDR: El Salvador decided to transfer its bitcoin holdings to a cold wallet after unexpectedly doubling its stash, acquired through various means such as daily purchases, passport sales, and mining.
Key Points
1. El Salvador’s bitcoin treasury unexpectedly doubled in size, prompting the decision to transfer funds to a cold wallet.
2. The country had been acquiring bitcoin through various means, such as daily purchases, sales of passports, currency conversions, mining, and government services.
3. El Salvador’s bitcoin holdings were believed to be less than 3,000 BTC before the revelation of the increased stash.