El Salvador Adds 6 BTC, Now Holds Over $692M in Bitcoin
El Salvador purchases 6 more BTC, increasing its national reserves to over 6,332 BTC worth $692 million.
- El Salvador buys 6 BTC over the past 5 days.
- Total national BTC holdings now exceed 6,332 coins.
- Current Bitcoin reserve valued at over $692 million.
El Salvador, the first country to adopt Bitcoin as legal tender, has once again expanded its crypto reserves. Over the past five days, the Central American nation acquired 6 more BTC, taking its total holdings to more than 6,332 Bitcoin, currently valued at over $692 million.
This ongoing accumulation aligns with President Nayib Bukele’s “1 BTC per day” strategy, which he initiated in late 2022. While the daily purchases may seem modest, they represent a long-term commitment to building a strong Bitcoin treasury, regardless of short-term market fluctuations.
National Bitcoin Reserve Now Worth Over $692 Million
With the recent purchase, El Salvador’s Bitcoin reserves reflect significant growth in both quantity and value. At current prices, the country’s holdings now exceed $692 million, showcasing the resilience and potential profitability of its Bitcoin strategy.
This strategic investment approach sets El Salvador apart from other nations. While many countries remain cautious or skeptical about integrating crypto into their economies, El Salvador continues to double down on Bitcoin, reinforcing its belief in the asset’s long-term value.
Global Spotlight on El Salvador’s Bitcoin Strategy
El Salvador’s bold move into Bitcoin has garnered global attention since 2021, when it became the first nation to make BTC legal tender. Despite criticism from international financial institutions and economic observers, President Bukele’s administration has remained firm in its crypto-forward policies.
As Bitcoin adoption continues to rise globally, El Salvador’s early and consistent investments could position the country as a future hub for Bitcoin innovation and financial freedom. Whether this bet pays off in the long run remains to be seen, but for now, El Salvador is holding firm—and buying more.
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