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