El Salvador has surpassed the 6,000 Bitcoin threshold by acquiring an additional BTC on December 29, 2024. The country’s Bitcoin reserves now total 6,000.77 BTC, valued at approximately $561.3 million, according to the National Bitcoin Office’s portfolio tracker. This acquisition is part of El Salvador’s ongoing Bitcoin accumulation strategy, which has seen the portfolio grow by 19 BTC in the past week and 53 BTC over the last month, valued at $1.77 million and $4.95 million, respectively.
Since adopting cryptocurrency as legal tender on September 6, 2021, El Salvador has consistently increased its Bitcoin holdings, starting with an initial purchase of 200 BTC. This approach has been financially rewarding, with the Bitcoin investments yielding an unrealized gain of 105% based on an average acquisition cost of $45,465.
Following a substantial $1.4 billion deal with the International Monetary Fund (IMF), the country recently added $1 million worth of Bitcoin to its reserves. Under President Nayib Bukele’s leadership, El Salvador’s daily Bitcoin purchasing initiative has positioned it as the sixth-largest national holder of Bitcoin, trailing only behind major countries like the United States, China, and the United Kingdom.
El Salvador’s Bitcoin portfolio has benefited from the recent market recovery, with its holdings now exceeding half a billion dollars in value. The nation’s ongoing commitment to cryptocurrency through its National Bitcoin Office has resulted in an unrealized gain of $152 million, illustrating the success of its bold financial strategy.
