El Salvador Surpasses 6,000 Bitcoin Milestone, Portfolio Up 105%

El Salvador Surpasses 6,000 Bitcoin Milestone, Portfolio Up 105%

El Salvador has crossed a significant milestone in its Bitcoin journey, now holding over 6,000 BTC, valued at approximately $561.3 million as of Dec. 29. This latest purchase, adding 1 more Bitcoin, brings the country’s total holdings to 6,000.77 BTC. The recent additions of 19 BTC over the past week and 53 BTC in the last month demonstrate El Salvador’s steady and methodical accumulation strategy.

The country’s Bitcoin portfolio has seen impressive returns, with an unrealized gain of 105% based on an average acquisition cost of $45,465. This growth reflects the success of El Salvador’s approach, which has included consistent Bitcoin purchases since the nation made history by adopting Bitcoin as legal tender on Sept. 6, 2021. At that time, the country began its Bitcoin holdings with an initial purchase of 200 BTC.

Despite skepticism from international financial institutions, particularly the International Monetary Fund (IMF), President Nayib Bukele’s administration has remained resolute in its Bitcoin strategy. The country’s daily Bitcoin acquisition program has positioned it as the sixth-largest Bitcoin holder among nations, alongside global powers like the United States, China, and the United Kingdom.

As Bitcoin has recovered in the market, El Salvador’s portfolio has gained substantial value, now exceeding $500 million. According to Nayib Tracker, the portfolio’s unrealized gain stands at approximately $152 million. The National Bitcoin Office continues to oversee the country’s expanding cryptocurrency initiatives, reinforcing El Salvador’s position as a leading adopter of Bitcoin.

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