Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
When Could Traders See the Arrival of a Spot Bitcoin ETF?said his country's bitcoin holdings had been moved to cold storage and published the address of its bitcoin wallet. That wallet showed just under 5,690 BTC, significantly more than what public trackers of El Salvador's holdings had estimated.
The trackers were off because in addition to the country's long-standing policy of purchasing one bitcoin per day, El Salvador was also adding tokens via the sale of passports, currency conversions from businesses, and from mining and government services.income tax on money coming into the country from abroad, making it an attractive destination for foreign investment and bitcoin enthusiasts.
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