The Bitcoin Office, El Salvador’s official institution, has shared updated data on the country’s Strategic Bitcoin Reserve. According to the announcement, reserves have surpassed 7,600 $BTC, reaching a total of 7,605.37 $BTC. The current market value of this amount is estimated at approximately $506 million.
According to shared data, El Salvador’s Bitcoin holdings have continued their upward trend recently. Eight $BTC were added to the country’s reserves in the last seven days, while the total increase over the last 30 days reached 31 $BTC. These increases represent an additional value of approximately $531,000 and $2.06 million, respectively.
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An examination of the transaction details reveals that El Salvador has been regularly purchasing Bitcoin in recent days. Almost daily purchases of 1 $BTC have been made over the past 6 days, with prices ranging from approximately $65,600 to $70,846. The most recent transaction, also involving a 1 $BTC purchase, occurred approximately 16 hours ago.
El Salvador became the first country to recognize Bitcoin as an official currency in 2021. Since then, the government has continued to grow its reserves through regular purchases.
*This is not investment advice.
