🇸🇻 El Salvador Increases Bitcoin Holdings by 8 BTC
🗓️ June 14, 2025
El Salvador has added 8 more Bitcoin (BTC) to its national treasury, reaffirming its ongoing commitment to the cryptocurrency.
President Nayib Bukele, a vocal supporter of Bitcoin, announced the acquisition via social media, bringing the country’s total Bitcoin holdings to 5,873 BTC, valued at over $616 million at current market prices (based on ~$105,000/BTC).
🧾 Context:
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021.
The nation continues its "1 BTC per day" accumulation strategy, which began in November 2022.
Recent market dips likely offered a strategic opportunity for this latest purchase.
💬 Why it matters:
El Salvador’s steady Bitcoin accumulation signals long-term confidence in BTC, and may influence other nations exploring digital asset reserves or sovereign Bitcoin strategies.
📊 Current BTC Market Price: ~$105,000
💰 Value of New Purchase: ~$840,000
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