El Salvador has achieved a significant milestone by amassing over 6,000 Bitcoin, with the latest addition made on December 29.
The nation’s Bitcoin treasury now totals 6,000.77 BTC, valued at approximately $561.3 million, as reported by the National Bitcoin Office’s portfolio tracker.
This recent purchase underscores El Salvador’s consistent accumulation strategy, with a total increase of 19 BTC in the past week and 53 BTC over the last month, corresponding to gains of $1.77 million and $4.95 million, respectively.
This methodical approach has yielded considerable returns, as El Salvador’s Bitcoin investments have realized an impressive 105% increase based on an average acquisition cost of $45,465.
El Salvador’s Pioneering Crypto Journey
On September 6, 2021, El Salvador made history by becoming the first country in the world to adopt cryptocurrency as legal tender, starting with a purchase of 200 BTC.
Since that landmark decision, the country has pursued a deliberate acquisition strategy, including a recent $1 million purchase linked to a significant agreement with international financial entities.
Despite facing skepticism from global financial institutions, El Salvador’s administration, led by President Nayib Bukele, has remained committed to its Bitcoin strategy.
The government’s daily Bitcoin purchasing program has elevated El Salvador to the position of the sixth-largest Bitcoin holder among nations, joining major global players such as the United States, China, and the United Kingdom.
With the recent recovery in the cryptocurrency market, El Salvador’s Bitcoin portfolio has gained significant value, now surpassing half a billion dollars.
Through the National Bitcoin Office, El Salvador is actively enhancing its cryptocurrency initiatives, with reports indicating that the country’s BTC holdings have generated an unrealized gain of $152 million.
