El Salvador, the first country to adopt Bitcoin as legal tender, has boosted its Bitcoin reserves to over 6,000 BTC, resulting in a treasury increase of $569 million. El Salvador has become the sixth country to hold such Bitcoin reserves.
Recent Bitcoin Purchases
On December 29, El Salvador bought one Bitcoin, bringing its total to 6000.77 BTC, equivalent to $569.3 million, according to the National Bitcoin Office of El Salvador. The first purchase was made on September 6, 2021, when the country acquired 200 BTC.
International Relations and Bitcoin
El Salvador ranks sixth among countries holding Bitcoin, behind the USA, China, the UK, Ukraine, and Bhutan. Despite IMF's recommendations to reduce Bitcoin activity, the country continues purchases as part of its strategies.
Bitcoin and Financial Freedom
El Salvador is proud of its achievements associated with Bitcoin, as demonstrated in a meeting with the Chinese ambassador. Vice President Félix Ulloa Jr. stated that Bitcoin has made the country a symbol of financial freedom.
El Salvador continues to actively increase its Bitcoin reserves, highlighting its role as an important financial asset and strengthening the country's economic independence.
