Source: Blockchain Knight

El Salvador is located in Central America and has continued to invest in BTC. Its current BTC reserves have exceeded US$500 million.

Recently, El Salvador has purchased more BTC, increasing its holdings to more than 6,000.

El Salvador’s President Nayib Bukele has further consolidated BTC’s status as the country’s main treasury asset by strengthening its BTC reserves.

This move shows that El Salvador has included Crypto assets in its treasury management strategy.

The BTC Office’s portfolio tracker shows that through this purchase, El Salvador has accumulated a total of 6,000.77 BTC, bringing its Crypto asset treasury assets to $569.3 million.

Data shows that the newly acquired BTC increased El Salvador’s Crypto asset investment by 108.02%.

According to the country’s BTC Portfolio Tracker, the average price of BTC assets purchased by El Salvador is $45,450 per coin.

El Salvador now joins the elite with huge BTC reserves.

Crypto Asset Analyst Whale Catcher wrote in an article: "El Salvador has become the sixth country to currently hold more than 6,000 BTC."

After holding a large amount of BTC Of those, El Salvador ranks behind the United States, the United Kingdom, Ukraine, and Bhutan, joining the elite club of incorporating BTC into fiscal strategies.

Historically, El Salvador typically purchases one BTC per day, analysts said.

However, after striking a $1.4 billion deal with the International Monetary Fund (IMF), the country purchased $1 million worth of Crypto assets in one day and repeated this on December 22. A huge purchase.

El Salvador was the first to declare BTC as legal tender.

On September 6, 2021, El Salvador purchased 200 Crypto assets for the first time, and subsequently the country began to adopt BTC.

Since then, the Central American country has strengthened its Crypto asset holdings despite the IMF asking the country to slow down BTC activity.

El Salvador’s BTC reserve strategy may be criticized by the international community, but this will not prevent Bukele from increasing the country’s BTC holdings.

Stacy Herbert, director of El Salvador’s BTC office, reiterated her commitment to promoting BTC investment. Herbert said in a recent article: “El Salvador will continue to purchase BTC for its strategic BTC reserve.”

El Salvador clarified that it will continue to acquire BTC and does not plan to sell its BTC holdings.