Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/el-salvador-racks-up-bitcoin-donations-following-wallet-address-release" rel="noopener noreferrer nofollow">El Salvador Racks Up Bitcoin Donations Following Wallet Address Release</a><br></p>
<p style="text-align: justify">El Salvador has seen a wave of <a href="https://en.bitcoinhaber.net/blackrock-introduces-new-bitcoin-etf-to-brazilian-market" rel="noopener noreferrer nofollow">Bitcoin</a> donations flow into its national digital wallet after President Nayib Bukele publicized its address. The President announced on March 14th that the country had moved a significant portion of its Bitcoin holdings to a cold wallet, securely stored within national boundaries. The revelation has given rise to a more substantial Bitcoin reserve than prior estimates, which had the country’s assets at approximately half the current amount.</p>
<h2 id="surge-in-el-salvador-s-bitcoin-holdings">Surge in El Salvador’s Bitcoin Holdings</h2>
<p style="text-align: justify">Bukele’s disclosure positions El Salvador’s government-owned wallet as holding 5,689 BTC, a value of around $383 million. These figures surpass previous public tracking estimates and highlight the diverse sources of Bitcoin income for the country, which include earnings from citizenship sales, local business forex transactions, <a href="https://en.bitcoinhaber.net/phoenix-group-bolsters-position-in-crypto-mining-ahead-of-bitcoin-halving" rel="noopener noreferrer nofollow">mining</a>, and other government-related activities.</p>
<h2 id="el-salvador-s-crypto-commitment-attracts-support">El Salvador’s Crypto Commitment Attracts Support</h2>
<p style="text-align: justify">The President’s reaffirmation of El Salvador’s intent to maintain its Bitcoin reserves underscores a long-term crypto strategy. This announcement was met with enthusiasm from the crypto community, which responded by contributing Bitcoin and rare Ordinals to the nation’s wallets. <a href="https://en.bitcoinhaber.net/tether-introduces-tool-for-secure-cross-blockchain-stablecoin-recovery" rel="noopener noreferrer nofollow">Tether</a> CEO Paolo Ardoino and Nigerian crypto advocate Femi Longe both praised El Salvador’s pioneering stance, with Longe aspiring for a similar approach among African nations.</p>
<p style="text-align: justify">Data from BitInfoCharts reflects that the Central American nation’s Bitcoin wallet has received donations exceeding $1000 just in the last 30 transactions. The wallet’s contents, as recorded by Ordiscan, include 67 Ordinals encompassing tokens and unique digital artifacts.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/el-salvador-racks-up-bitcoin-donations-following-wallet-address-release" rel="noopener noreferrer nofollow">El Salvador Racks Up Bitcoin Donations Following Wallet Address Release</a></h5>

El Salvador Racks Up Bitcoin Donations Following Wallet Address Release

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