El Salvador has joined an elite club of countries with more than 6,000 Bitcoin (BTC), positioning itself alongside the United States, China, Great Britain, Ukraine and Bhutan. This milestone highlights the country’s commitment to Bitcoin as a treasury asset under the leadership of President Nayib Bukele.
According to the National Bitcoin Office Portfolio trackerEl Salvador’s Bitcoin holdings currently stand at 6,000.77 BTC, worth about $569.3 million. This success follows the recent purchase of 1 BTC on December 29th, bringing the country’s total investment to an impressive 108.02% gain. El Salvador acquired its Bitcoin supply at an average price of $45,450 per BTC.
Source: National Bitcoin Office
The country made history in September 2021 when it became the first country to adopt Bitcoin as legal tender. The initial purchase of 200 BTC set the stage for an ongoing acquisition strategy that often included daily Bitcoin purchases. This approach was further reinforced by a $1.4 billion agreement with the International Monetary Fund (IMF), which has not stopped El Salvador from adding to its holdings despite the IMF’s concerns about Bitcoin’s risks.
Stacy Herbert, director of the National Bitcoin Office, suggested in a December 19 post on X that El Salvador could even accelerate its Bitcoin purchasing strategy. Confirming the country’s unwavering commitment to its Bitcoin holdings, a spokesman for the bureau stated: “Bitcoin remains our core strategy” and clarified that there are no plans to sell the accumulated cryptocurrency.
Source: X
However, Herbert announced plans to either sell or exit the company El Salvador…
