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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
Short News

El Salvador Adds 12 BTC, Now Holds 6,044 BTC

Qadir AK21 Jan 20251 min read

El Salvador bolstered its Bitcoin reserve with 12 more BTC, bringing its total to 6,044 BTC, worth over $617 million. This move comes despite a $1.4 billion IMF deal requiring reduced Bitcoin activities. President Nayib Bukele’s administration reaffirmed its commitment to Bitcoin, even as private sector adoption remains voluntary. The nation’s BTC holdings show a $179 million profit, highlighting its strategic investment since adopting Bitcoin as legal tender in 2021. As Bitcoin hit a new high of $109,000, El Salvador remains a global leader in crypto adoption.

#Bitcoin
Qadir AK
Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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