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Bitcoin supporter country El Salvador has started to increase its daily Bitcoin purchase amount! Here are the details
El Salvador, Bitcoin significantly increased its accumulation by raising its daily purchases from 1 BTC to approximately 1.6 BTC. Since December 22, 2024, the government has purchased an average of 93 BTC at a price of 98,579 dollars, and daily purchases have ranged from 1 BTC to 11 BTC.
El Salvador has increased its Bitcoin purchases and is now accumulating 1.6 BTC daily.
As a result, El Salvador's total Bitcoin holdings have now reached 6,081 BTC, worth approximately 579.9 million dollars at current market prices.
This indicates the continued commitment to Bitcoin as a national asset, following the historic decision to accept BTC as a legal payment method in the country in 2021.
The government's increasing BTC purchases reflect President Nayib Bukele's long-term bullish stance, previously emphasizing Bitcoin's role in economic growth and financial sovereignty.
This move comes at a time when there is increasing global interest in the institutional adoption of Bitcoin and potential regulatory changes in the United States.
Market analysts, especially as the price of Bitcoin continues to hover near all-time highs, continue to closely monitor El Salvador's Bitcoin strategy.