Bitcoin

<ul><li>El Salvador continues its strategy by purchasing one Bitcoin daily, growing its BTC reserves.</li><li>President Bukele supports Bitcoin for its economic independence and innovation of the country.</li><li>The nation uses volcanic geothermal energy to mine Bitcoin and promote sustainable practices.</li></ul>El Salvador, the first nation which made Bitcoin legal tender, continues to aggressively add up on its cryptocurrency reserves. <a href="https://platform.arkhamintelligence.com/explorer/address/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo" rel="noopener noreferrer nofollow">Data</a> from blockchain analytics firm Arkham Intelligence reveals that the Salvadoran government now purchases one Bitcoin daily.Government StrategySince March 16, 2024, these systematic acquisitions have increased the national Bitcoin holdings by 162 units, <a href="https://x.com/EmberCN/status/1826802312456929741" rel="noopener noreferrer nofollow">raising</a> the total to 5,851 BTC. The current market value of these holdings is approximately $356.4 million.President Nayib Bukele has been the architect of this bold financial strategy and is steadfast in his belief that cryptocurrency will improve the country’s economic autonomy. The initiative began with a rather large transfer of 5,689 BTC into a &#34;Bitcoin piggy bank,&#34; a secure cold storage wallet intended to safeguard the nation&#39;s growing digital assets.<a href="https://cryptotale.org/el-salvador-buys-162-bitcoins-total-holdings-exceed-5-8k/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

El Salvador Buys 162 Bitcoins, Total Holdings Exceed 5.8K

CryptoTale

Other articles published on Aug 24, 2024

Vitalik Buterin Shares Crucial Message on L2 Security

The Wait Is Over: Planetarium Labs Announces Pre-Registration for Immortal Rising 2 After Success...

Binance Labs Invests in Four BNB Chain Projects

Vitalik Buterin Praises Client Diversity: Ethereum’s Supermajority Risk Mitigated

Korea Court Clears Bithumb In 130M Won Tax Lawsuit

Gate IO, Inter Milan Deal Shows Crypto-Sports Alliance Going Strong

Join our free newsletter for daily crypto updates!