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Este artículo también está disponible en español. Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now. According to recent data, El Salvador has now crossed the 6,000 BTC threshold. This makes El Salvador the sixth country behind the likes of the US, the UK, and Bhutan to hold 6,000 BTC or more. El Salvador’s Bitcoin Strategy Reaches New Milestone Unlike countries like the US and the UK, whose Bitcoin holdings are from seized assets from criminals, El Salvador’s Bitcoin holdings have been through consistent purchases. Notably, El Salvador’s deliberate and consistent approach to building a Bitcoin reserve has been a cornerstone of President Bukele’s vision to establish the small Central American country as a leader in the crypto industry.  Related Reading According to data from the official website of El Salvador’s Bitcoin portfolio tracker, the country added another BTC to its reserve in the past 24 hours. This BTC was acquired at $94,702 and essentially pushed the total holdings to 6,000.77 BTC. Interestingly, a detailed look at the data shows that El Salvador has purchased around 50 more BTC since the beginning of December. This growth has mostly been consistent with 1 BTC purchased each day, except for December 20 and December 22, which were highlighted by purchases of 11 BTC. At the time of writing, El Salvador’s Bitcoin stash is worth a little over $570 million. This value has grown massively in the past three months and could grow more in 2025. Particularly, El Salvador’s Bitcoin portfolio reached a peak value of $643 million on December 17 when the Bitcoin price peaked at $108,135. Image from bitcoin.gob.sv Outlook For…

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Filed under: News - @ December 30, 2024 2:00 am