El Salvador has added 21 Bitcoin to its national holdings in a symbolic move to celebrate the fourth anniversary of adopting Bitcoin as legal tender.

President Nayib Bukele disclosed the purchase in a Sept. 7 post on X, noting that the acquisition coincided with “Bitcoin Day,” when the country formally approved the crypto in 2021.

With this addition, El Salvador’s Bitcoin treasury now stands at 6,313 BTC, worth more than $701 million according to government figures.

According to Dropstab data, the Central American country has invested $300 million to fund these acquisitions, yielding an unrealized profit of more than $400 million.

Meanwhile, this transaction was less about market positioning and more about symbolism.

By marking the anniversary with another Bitcoin buy, Bukele reinforced his government’s commitment to a policy that has defined his administration’s economic identity.

El Salvador’s Bitcoin embrace

El Salvador’s Bitcoin Office highlighted the progress made since the landmark decision in 2021.

Officials pointed to milestones such as establishing the world’s first Strategic Bitcoin Reserve, launching the CUBO+ Bitcoin and Lightning developer program, and certifying 80,000 public servants in Bitcoin-related training.

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.