El Salvador Increases Daily Bitcoin Purchases to 1.6 BTC, Strengthening National Holdings
El Salvador has elevated its every day bitcoin purchases from 1 BTC to 1.6 BTC, including 93.417 BTC to its holdings over the previous two months.
Notably, the Central American nation, which grew to become the primary nation to undertake Bitcoin as authorized tender in 2021, now holds roughly 6,081 BTC, valued at round $579.9 million.
El Salvador Expands Bitcoin Reserves
On-chain knowledge tracker Spotonchain recognized the rise in El Salvador’s Bitcoin acquisitions, revealing that the nation has been constantly shopping for BTC at a mean value of $98,579. The purchases, which have ranged from 1 BTC to 11 BTC per day, started ramping up on December 22, 2024.
The nation’s dedication to Bitcoin funding continues regardless of debates over its long-term viability as a retailer of worth. Whereas El Salvador stays categorized as a middle-income economic system, the federal government seems to view Bitcoin as a strategic asset for monetary progress.
Bitcoin Schooling Initiatives and Institutional Assist
El Salvador’s give attention to Bitcoin extends past accumulation. The nation lately introduced that its new nationwide library will function a devoted Bitcoin sectio to coach residents and guests about Bitcoin’s fundamentals, together with how its community operates.
The transfer aligns with the federal government’s broader efforts to combine Bitcoin into its economic system and promote international adoption. By investing in academic assets, El Salvador seeks to determine itself as a pacesetter in cryptocurrency literacy and innovation.
Nayib Bukele Meets with Michael Saylor
El Salvador’s pro-Bitcoin stance was additional strengthened by a current assembly between President Nayib Bukele and MicroStrategy co-founder Michael Saylor.
Saylor confirmed the assembly in a social media publish, stating that they mentioned numerous alternatives associated to Bitcoin’s function in El Salvador’s financial technique.
As El Salvador strengthens its Bitcoin holdings and expands associated initiatives, the nation stays on the forefront of national-level cryptocurrency adoption, setting a precedent for different nations exploring digital asset integration.
