LIVEEl Salvador increases its bitcoin reserves to 5,700 units.🇸🇻🪙
El Salvador continues to accumulate Bitcoin without selling a single coin in its “Bitcoin piggy bank” which to date reaches 5,700 BTC units.
The total number of Bitcoin held by El Salvador continues its upward path, after reaching 11 more coins in 10 days, reaching a total of 5,700 units, as recently announced by the nation's president, Nayib Bukele, through a post he made on the social network X (formerly Twitter).
In the wallet address published by the president, it is observed how in the detailed record of the transactions there is a total balance received corresponding to 5,702 BTC, at that time, and a total balance sent of zero.
On several occasions, President Bukele has reiterated the position that El Salvador will not sell its bitcoin, a policy that has been maintained since the official adoption of the cryptocurrency as legal tender in September 2021.
This strategy seeks to take advantage of Bitcoin's long-term potential, despite the bull run the market is currently in.
Until a few days ago, the president also published the address where you can see the total balance of bitcoin (BTC) that the country has acquired over the years and which, in addition, reveals that the amount is higher than what was known until the moment, according to local media. "We have decided to transfer a large portion of our bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory," Bukele wrote. "You can call it our first bitcoin piggy bank," he added in the post, noting that "it's not much, but it's honest work." These actions reveal how the government of El Salvador maintains the commitment to buy one bitcoin a day with its “Bitcoin Piggy Bank.” In addition to continuing to promote projects to generate income in bitcoin such as the “Liberty Visas” program, the conversion of BTC to USD for local companies, BTC mining and government services.
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