El Salvador's Bitcoin Treasury Surpasses Initial Expectations

By: Eliza Bennet

El Salvador's Bitcoin treasury appears to be significantly larger than assumed, as recent moves suggest the nation has transferred a surplus $400 million Bitcoins into a cold storage wallet. The change was noted earlier this week, marking a significant increase. The ambitious endeavour was playfully referred to as their 'first Bitcoin piggy bank' by the nation's representatives, though the scale suggests an earnest commitment to Bitcoin dealings.