In this article: El Salvador's bitcoin holdings have surpassed 6,000 BTC.
the country's #Bitcoin Commission has not been indifferent to the IMF's call to relax its bitcoin policy.
El Salvador has become a symbol of financial freedom thanks to its stance on bitcoin.
El Salvador, the first country where bitcoin is legal tender, has increased its bitcoin reserves to more than 6,000 #BTC , adding $569 million to its coffers. The move makes El Salvador the sixth country to hold more than 6,000 BTC.
the Central American country acquired one bitcoin on Dec. 29, bringing its total to 6,000.77 bitcoins ($569.3 million), according to El Salvador's National Bitcoin Foundation. Portfolio tracker Coin Office revealed that after
purchase, the country's bitcoin investment rate #rose to 108.02%. According to portfolio tracker Nayiba Bukele, El Salvador spent an average of $45,450 per bitcoin in
First bitcoin purchase was made on September 6, 2021, when the country purchased 200 bitcoins. By then, it had become the first country to declare bitcoin as legal tender. The purchase cemented the cryptocurrency's status as President Naib Bukele's treasury asset.
El Salvador ranks sixth among countries with bitcoins, according to BitBo's Bitcoin Treasuries, behind the U. S. , China, the U. K. , Ukraine and Bhutan.
the country has always bought one bitcoin a day, but after the US$1.4 billion deal with the International Monetary Fund (IMF) and on December 22, it bought US$1 million a day despite the IMF's request to limit bitcoin activity.
These purchases were in line with a statement made by Stacy Herbert, head of El Salvador's National Bitcoin Office, to X on Dec. 19, in which she said the country would continue to buy bitcoin at an accelerated pace.
El Salvador boasts a strong track record in bitcoin since taking on the mission of creating #digital assets.
Read us at: Compass Investments