ProtonMail says that it holds a ‘significant portion’ of its reserves in Bitcoin

Popular anonmyous encrypted email service ProtonMail has announced that it holds a “significant portion” of its financial reserves in Bitcoin. This comes a few years after ProtonMail first announced that it would accept Bitcoin as payment for its services.

Responsible financial diversification requires holding some assets outside of the traditional government controlled banking system. That’s why Proton will continue to #HODL a significant proportion of our reserves in #Bitcoin to safeguard our independence.

By using the word “continue”, the announcement makes it sound like ProtonMail has quietly been holding Bitcoin on its balance sheet for quite some time. It says it will continue to do so in an effort to “safeguard our independence,” because “responsible financial diversification requires holding some assets outside of the traditional government controlled banking system.”

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