Under President Nayib Bukele, El Salvador remains committed to its daily Bitcoin acquisition strategy, currently holding assets worth approximately $354.6 million.
As of now, the country owns 5,877 BTC, with the daily purchases starting in late 2022 and the transactions being recorded on-chain since March 2023.
This effort follows the country’s landmark decision in 2021 to make Bitcoin its official legal tender, a move that garnered international attention.
In an interview with Time on August 29, Bukele acknowledged that Bitcoin adoption in the country has been slower than anticipated but remained hopeful for the future.
On-chain data confirms that El Salvador is continuing to buy 1 BTC every day, staying consistent with its cryptocurrency investment plan.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.