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.
SpaceX has moved 1,308 BTC—worth roughly $150 million—to a new wallet address, marking its first on-chain activity in more than three years.
According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.