El Salvador has officially joined an elite group of nations, including the US, China, the UK, Ukraine, and Bhutan, with Bitcoin holdings surpassing 6,000 BTC. As of December 29, the Central American nation holds 6,000.77 BTC, valued at approximately $569.3 million, according to the National Bitcoin Office’s portfolio tracker.
This milestone reflects an impressive 108.02% gain on El Salvador’s Bitcoin investments, with an average purchase price of $45,450 per BTC. Since becoming the first country to adopt Bitcoin as legal tender in September 2021, El Salvador has consistently expanded its Bitcoin reserves, often acquiring one Bitcoin per day.
Despite pressure from the International Monetary Fund (IMF) to scale back its Bitcoin activities, President Nayib Bukele’s administration remains committed to Bitcoin as a key financial strategy. The government recently made substantial purchases, including a $1 million acquisition following a $1.4 billion agreement with the IMF.