After 39 months of continuous purchases, El Salvador’s Bitcoin holdings have reached 6,000 coins.
This makes the country the sixth-largest government holder of Bitcoin in the world, with the total value of BTC equal to approximately $570 million.
With Bitcoin rising from $45,000 to $108,000, the investment has been particularly lucrative.
Thank goodness, our country’s Bitcoin reserves are now worth 127% more than we paid for them — an increase of more than $344 million, tweeted President Nayib Bukele.
El Salvador’s investment strategy is fairly simple, buying one Bitcoin per day, but the country has recently made some large purchases, including 11 Bitcoins on December 20.
At the same time, the Salvadoran government signed a $1.4 billion loan agreement with the International Monetary Fund, which requires that organizations voluntarily accept Bitcoin.
This condition was put forward due to concerns about the potential financial risks associated with the volatility of BTC and cryptocurrencies in general.#BtcNewHolder
