Refund

Bitcoin

Arkham

Million

El Salvador has been buying one Bitcoin daily since March 16 this year. This steady purchasing has increased the country’s total Bitcoin holdings to 5,852 BTC, worth about $375 million, according to Arkham Intelligence.
President Nayib Bukele’s government has recently moved a large part of this Bitcoin into cold storage. This is a security measure designed to protect the country’s Bitcoin from online threats and ensure it stays safe for the long term.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeatETuu2iCbfX6NUt8ovTXWN1TVf7ddTZZtbt0smKPVwe8NpWRtz0ThMNuAq4Kd-N2CjsBTzIW9tPzAo28baAADogVkYl00AmmqkaGHQz6IrNCB89hZazERDcOVrfsGgungH8yqwypspE1RLuBzVQCRBk?key=Z59YPt8CiN-tY3iHBrTyoA" alt="AD 4nXeatETuu2iCbfX6NUt8ovTXWN1TVf7ddTZZtbt0smKPVwe8NpWRtz0ThMNuAq4Kd N2CjsBTzIW9tPzAo28baAADogVkYl00AmmqkaGHQz6IrNCB89hZazERDcOVrfsGgungH8yqwypspE1RLuBzVQCRBk?key=Z59YPt8CiN tY3iHBrTyoA">
 <figcaption class="wp-element-caption">
 El Salvador’s Bitcoin Holding | <a href="https://platform.arkhamintelligence.com/explorer/address/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo" target="_blank" rel="noopener noreferrer nofollow">Arkham Intelligence.</a>
 </figcaption>
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Ever, since the country made Bitcoin legal tender in 2021, El Salvador has been trying new ways to use cryptocurrency. The country has started a Bitcoin mining project that uses energy from a volcano and has introduced “volcano bonds” backed by Bitcoin.
Additionally, El Salvador has recently secured a major investment. Turkish company <a href="https://www.cryptotimes.io/2024/08/14/yilports-1-6b-investment-could-boosts-el-salvadors-bitcoin-city-project/" rel="noopener noreferrer nofollow">Yilport is investing $1.62 billion</a> to improve two of the country’s seaports.&nbsp;
This investment is the largest private investment in El Salvador’s history and will see Yilport and the Salvadoran government working together to manage the ports for the next 50 years.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/07/06/bitfinex-announces-refund-for-hilton-project-in-el-salvador/" rel="noopener noreferrer nofollow">Bitfinex Announces Refund for Hilton Project in El Salvador</a>
</blockquote>

El Salvador’s Bitcoin Holding Grows to $375 Million

The Crypto Times

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