El Salvador increases its Bitcoin holdings to 6,194.18 BTC 🇸🇻🚀
📌 Details:
El Salvador added 8 BTC to its reserves this week.
Total holdings now: 6,194.18 Bitcoin.
💰 Current reserve value (at an average price of $104,000 per Bitcoin):
> 🔸 6,194.18 × 104,000 = approximately $644,195,000 💵
🧠 What does this mean?
If the price of Bitcoin continues to rise, El Salvador would have made significant profits, especially since some purchases were made at much lower prices.
This reinforces the credibility of the "dollar-cost averaging" (DCA) strategy the country is following.
.
