- El Salvador holdings total 5965.77 BTC
- At the current Bitcoin price of ~$106K El Salvador holdings worth ~$632M
Systematic purchases of Bitcoin even before the rise that we are seeing now – have allowed El Salvador to accumulate 5965.77 BTC so far.
This is starting to become increasingly profitable under current market conditions, and with Bitcoin priced at ~$106K the value of their holding has reached ~$632M.
More About El Salvador’s Bitcoin Success
Few people will be news of El Salvador’s crypto course, as its thoroughness and consistency have become unprecedented for everyone.
For a long time, we have seen El Salvador confidently hold his crypto position and consistently build on it by making systematic Bitcoin purchases regardless of market fluctuations.
Nayib Bukele first introduced a bill to adopt Bitcoin on June 5, 2021, and the Legislative Assembly of El Salvador voted to adopt the Bitcoin Law 62 of the 84 deputies in favor on June 9.
Thus, El Salvador has become a country where Bitcoin is a legal tender, and they mine and buy Bitcoin very systematically, even more than many Bitcoin ETFs that do it despite price fluctuations.
So we can see that their holdings are already 5966.77 BTC and worth ~$638M, considering the current Bitcoin price of ~$106K per 1 BTC, influenced by Donald Trump’s victory and more.
So far, there is no visible reason for El Salvador to stop their crypto course and even rather the opposite – they can already be congratulated for their good results, and, likely, this congratulation will not be the last.
Conclusion
At the moment, its investments look justified, and the optimistic mood is quite reasonable. However, as always, we should keep in mind that the market is a very dynamic structure, which is influenced by many obvious and not-so-obvious factors and should be taken into account.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
