El Salvador Hits 6,000 Bitcoin Milestone, Portfolio Soars 105% in Value
El Salvador’s Bitcoin holdings hit 6,000.77 BTC, worth $561.3 million, marking a significant milestone in its cryptocurrency journey.
By Tylt Editorial Team
El Salvador’s Bitcoin treasury now holds 6,000.77 BTC, valued at $561.3 million.
The country has realized an impressive 105% return on its Bitcoin investments.
Recent acquisitions highlight El Salvador’s steady and strategic accumulation approach.
El Salvador has reached a significant milestone in its cryptocurrency journey, surpassing 6,000 Bitcoin in its national treasury. The latest addition, made on December 29, brought the total holdings to 6,000.77 BTC, valued at approximately $561.3 million. This achievement highlights the country's steadfast commitment to its Bitcoin accumulation strategy, initiated under President Nayib Bukele’s administration.
The country’s consistent acquisition approach has seen notable recent activity, with 19 BTC purchased in the past week and 53 BTC in the last month, valued at $1.77 million and $4.95 million, respectively. This calculated investment strategy has proven highly profitable, yielding a 105% unrealized return, with an average acquisition cost of $45,465 per Bitcoin.
El Salvador’s foray into Bitcoin began on September 6, 2021, when it made history as the first nation to adopt cryptocurrency as legal tender. The initial purchase of 200 BTC marked the beginning of a bold economic experiment that has since gained global attention. Despite initial skepticism from international institutions such as the International Monetary Fund (IMF), the government has remained committed to its Bitcoin initiatives.
The nation’s recent $1 million Bitcoin purchase came shortly after securing a $1.4 billion agreement with the IMF, further cementing its strategy. Through its National Bitcoin Office, El Salvador has become the sixth-largest Bitcoin holder among countries, joining global powerhouses like the United States, China, and the United Kingdom.
The recovery in cryptocurrency markets has significantly boosted the value of El Salvador’s holdings. With an unrealized gain of $152 million, the country’s BTC portfolio now exceeds half a billion dollars in value. These gains underscore the potential long-term benefits of the administration’s pioneering approach to integrating Bitcoin into its economy.
By maintaining its daily Bitcoin purchase program and expanding cryptocurrency initiatives, El Salvador continues to position itself as a leader in the global digital finance revolution.
