El Salvador Adds 8 BTC, Total Holdings Now 6,243
El Salvador boosts its Bitcoin reserves by 8 BTC in a week, reaching 6,243.18 BTC in total.
- El Salvador added 8 BTC to its national holdings in 7 days.
- The country now holds 6,243.18 BTC in total.
- This continues its long-term Bitcoin accumulation strategy.
El Salvador has added 8 more Bitcoin to its national reserves over the past seven days. This small but steady accumulation brings the country’s total Bitcoin holdings to 6,243.18 BTC. While the amount may seem modest, it reflects President Nayib Bukele’s long-standing commitment to gradually build the nation’s digital currency reserves.
This week’s purchase is part of El Salvador’s “1 BTC a day” strategy, which Bukele announced in late 2022. By consistently acquiring Bitcoin, the country has positioned itself as a pioneer in integrating cryptocurrency into its national financial system.
A Bold Crypto Strategy with Long-Term Vision
Since adopting Bitcoin as legal tender in September 2021, El Salvador has remained firm in its strategy despite criticism from international financial institutions. The government believes Bitcoin could reduce remittance costs, boost financial inclusion, and attract crypto tourism and investment.
While market volatility has often cast doubt on the move, Bukele has held onto every coin bought so far. Now holding over 6,243 BTC, El Salvador’s stash is estimated to be worth more than $390 million (based on current market prices).
The country’s Bitcoin Treasury is managed publicly, with a real-time balance available for viewing, showcasing a level of transparency rarely seen in national crypto holdings.
Eyes on the Future
As the Bitcoin halving cycle progresses and mainstream adoption increases globally, El Salvador’s early and steady investment may pay off in the long run. The government’s ability to stay consistent, especially during market downturns, shows strong conviction in Bitcoin’s future.
Whether El Salvador’s approach will serve as a blueprint for other nations remains to be seen. But for now, it stands out as the world’s most Bitcoin-forward country, one satoshi at a time.
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