According to Cointelegraph, the Salvadoran government has purchased 1 Bitcoin every day since March 16, and has increased its holdings by 162 Bitcoins, bringing its total holdings to 5,851 Bitcoins, worth approximately US$356.4 million.

President Bukele has long been an advocate of economic independence and innovation through cryptocurrencies. His latest move reflects his long-term commitment to integrating Bitcoin into the country’s financial system.

The Salvadoran government also uses volcanic geothermal energy to mine Bitcoin, having mined 474 units since 2021, worth approximately $29 million.

To increase transparency, the government implemented a mempool space that allows the public to audit their Bitcoin holdings.