El Salvador Boosts Bitcoin Holdings to $5.8 Billion

El Salvador has significantly expanded its Bitcoin portfolio, with the government acquiring a total of 93.417 BTC since December 22, 2024. This strategic move reflects a consistent daily purchase of Bitcoin, ranging from 1 BTC to 11 BTC, with an average acquisition cost of $98,579. As a result, El Salvador's total Bitcoin reserves have grown to 6,081 BTC, valued at approximately $5.799 billion.

President Nayib Bukele has been instrumental in driving this initiative, engaging in discussions with prominent figures such as Michael Saylor, the founder of Strategy (formerly MicroStrategy), to explore the future of Bitcoin. These conversations further solidify El Salvador's commitment to digital currency investments and its role as a pioneer in the global adoption of cryptocurrencies.

The Salvadoran government's Bitcoin acquisition strategy has been characterized by a steady and calculated approach, with a focus on accumulating a significant reserve of the world's leading cryptocurrency. This approach aligns with the country's broader vision of embracing digital technologies and fostering innovation in the financial sector.

The recent uptick in Bitcoin acquisition by the Salvadoran government highlights the country's long-term commitment to cryptocurrencies and its willingness to navigate the volatility of the crypto market. As the global landscape of digital currencies continues to evolve, El Salvador's strategic investments in Bitcoin position the country as a key player in the global crypto ecosystem.