El Salvador in Central America has increased its Bitcoin reserves to more than $500 million by purchasing additional coins, bringing its total holdings to over 6,000 units. President Nayib Bukele has solidified Bitcoin as the country's primary treasury asset. This move showcases El Salvador's adoption of cryptocurrency in its financial strategy. The nation now holds 6,000.77 Bitcoin, valued at $569.3 million, marking a 108.02% increase in its crypto investment. El Salvador joins a select group of countries with significant Bitcoin reserves, following the United States, China, the United Kingdom, Ukraine, and Bhutan. Despite facing criticism, the government remains committed to expanding its BTC holdings, with plans to continue buying and holding Bitcoin for its Strategic Bitcoin Reserve. El Salvador made history by becoming the first nation to declare Bitcoin as legal tender, starting its adoption in September 2021 and steadily increasing its crypto assets. Read more AI-generated news on: https://app.chaingpt.org/news

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