The official Bitcoin Office of El Salvador has released new figures regarding the nation’s Strategic Bitcoin Reserve. As per their latest update, the reserves have exceeded 7,600 $BTC, totaling 7,605.37 $BTC. The current market valuation of this amount is estimated to be around $506 million.
Recent statistics indicate that El Salvador’s Bitcoin assets have been on a steady rise. In the past week alone, eight $BTC were added to its reserves, with an overall increase of 31 $BTC over the last month. These increments translate into additional values of roughly $531,000 and $2.06 million respectively.
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A closer look at transaction records shows that El Salvador has been actively acquiring Bitcoin in recent days. The country has made nearly daily purchases of about 1 $BTC, with prices fluctuating between approximately $65,600 and $70,846 over the past six days. The latest transaction involved another purchase of 1 $BTC, which took place around 16 hours ago.
In 2021, El Salvador became the first nation to officially adopt Bitcoin as legal tender and has since continued to bolster its reserves through consistent acquisitions.
*This does not constitute investment advice.