El Salvador's Bitcoin Bet: 6,081 Coins and Counting

The Salvadoran government has been actively increasing its Bitcoin holdings, with the current total reaching 6,081 coins. According to data from spotonchain, the government has been purchasing Bitcoin since December 22, 2024, accumulating a total of 93.417 BTC with an average purchase price of $98,579. Daily purchases have ranged from 1 BTC to 11 BTC, with the government now buying approximately 1.6 BTC per day.

The current value of El Salvador's Bitcoin holdings is approximately $5.799 billion. This significant investment in Bitcoin comes as the government continues to explore and adopt cryptocurrencies as a means of economic growth and financial inclusion. The Salvadoran government has been a pioneer in the adoption of Bitcoin, making it legal tender in the country in 2021.

In a recent development, Salvadoran President Nayib Bukele met with Michael Saylor, the founder of Strategy (formerly MicroStrategy), to discuss Bitcoin-related topics. This meeting further solidifies El Salvador's commitment to Bitcoin and its potential role in the country's economic future.

The Salvadoran government's Bitcoin purchases have been closely monitored by the global financial community. As the government continues to increase its holdings, the world watches to see how this strategic investment in Bitcoin will impact El Salvador's economy and the broader cryptocurrency market.