El Salvador has made waves once again, surpassing the 6,000 Bitcoin mark with its latest BTC purchase on December 29. The country now holds an impressive 6,000.77 BTC, valued at approximately $561.3 million, according to the National Bitcoin Office’s tracker.
📈 A Steady Strategy That Pays Off
El Salvador has consistently added to its Bitcoin treasury, showing remarkable growth:
19 BTC in the past week, worth $1.77 million.53 BTC in the last month, valued at $4.95 million.
The nation’s strategic accumulation has been highly profitable, with an unrealized gain of 105% based on an average acquisition cost of $45,465 per Bitcoin.
🌟 The Crypto Pioneer’s Journey
El Salvador made history on September 6, 2021, as the first country to adopt Bitcoin as legal tender. Starting with an initial purchase of 200 BTC, the nation has steadily increased its holdings despite skepticism from institutions like the International Monetary Fund (IMF).
The recent $1 million Bitcoin purchase followed a groundbreaking $1.4 billion agreement with the IMF, showcasing President Nayib Bukele’s unwavering commitment to cryptocurrency adoption.
🌍 Joining the Titans of Bitcoin
El Salvador now ranks as the sixth-largest Bitcoin-holding nation, joining global giants like the United States, China, and the United Kingdom.
The country's crypto strategy has paid off, with its portfolio gaining value during the recent market recovery. The unrealized gain from its BTC stash now stands at a staggering $152 million.
🚀 Beyond the Milestone
Through its National Bitcoin Office, El Salvador is not just accumulating BTC but also expanding cryptocurrency initiatives to further integrate digital assets into its economy.
President Bukele’s vision has turned the small Central American nation into a global crypto trailblazer, with its Bitcoin holdings now worth more than half a billion dollars—a testament to the power of long-term belief in blockchain technology.
💡 El Salvador’s Legacy in Bitcoin
This milestone solidifies El Salvador's position as a global leader in cryptocurrency adoption. The country's calculated and confident approach continues to inspire the world, proving that even bold bets can yield astronomical returns in the evolving crypto space.
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