[El Salvador buys 1 Bitcoin per day, an increase of 160 Bitcoin since March 16]
According to Arkham Intelligence data shared by analyst Ember CN, El Salvador has been buying 1 Bitcoin (BTC) per day over the past five months, a cumulative increase of 160 coins. Currently, the country’s cold wallets hold 5,851 Bitcoins with a total value of approximately $355.4 million, with an average purchase cost of $44,835 per coin and a float profit of $93.45 million (+35%).
El Salvador has continued to promote the popularity of Bitcoin since legalizing it in September 2021, including using the geothermal heat of volcanoes for Bitcoin mining. As of May this year, more than 474 Bitcoins have been mined in the country. Recently, El Salvador also announced plans to train 80,000 civil servants on Bitcoin and plans to introduce Bitcoin education into schools, a new program that includes a 160-hour training course.
Even as Bitcoin prices fluctuate wildly, El Salvador remains steadfast in advancing its Bitcoin strategy.
