**El Salvador Continues Bitcoin Accumulation**
El Salvador, the first country to adopt Bitcoin as legal tender, is ramping up its Bitcoin reserves. Data from Arkham Intelligence reveals that since March 16, the Salvadoran government has been buying one Bitcoin daily, adding 162 BTC to its holdings. This brings the total to 5,851 BTC, valued at around $356.4 million.
President Nayib Bukele, a staunch advocate for Bitcoin, initiated this strategy to bolster economic independence. The government has also introduced a mempool space for public auditing of its Bitcoin assets, aiming for transparency.
Additionally, El Salvador is leveraging its volcanic geothermal energy for Bitcoin mining, having mined 474 BTC since 2021. Bukeleâs bold moves continue to draw both praise and concern globally.
