⚠️⚠️BIG BREAKING NEW UPDATE 🔥🔥
🌎 El Salvador's Bitcoin Journey
1. **Daily BTC Purchases**: El Salvador has been buying 1 Bitcoin every day since March 16, 2024. The country now holds 5,852 BTC, valued at $377 million, with an average purchase price of $44,835 per BTC.
2. **Total Holdings**: The nation's Bitcoin holdings have reached nearly 6,000 BTC, showing a strong commitment to the cryptocurrency.
3. **Bitcoin as Legal Tender**: El Salvador made history in September 2021 by becoming the first country to make Bitcoin legal tender, boosting crypto tourism but raising concerns with the IMF and some locals.
4. **Unrealized Profits**: The country is currently sitting on unrealized profits of over $93.5 million from its BTC investments.
5. **Securing Assets**: President Nayib Bukele has transferred a significant portion of the nation's BTC to an offline device, stored securely in a physical vault, dubbed the "Bitcoin piggy bank."
6. **Innovative Mining**: El Salvador leverages geothermal energy from volcanoes to mine Bitcoin, producing 474 BTC worth $29 million since 2021.
7. **Future of BTC in El Salvador**: With Bukele’s recent re-election, the country is expected to continue its Bitcoin adoption and further develop its crypto infrastructure, potentially influencing other nations.
