El Salvador continues to buy Bitcoin, now holds worth $349M
El Salvador continues to buy more Bitcoin every day, and now holds approximately $349 Million worth of BTC. The president has been buying 1 Bitcoin daily since late 2022, with the purchases being recorded on-chain since March 2024. In the latest post on X, Arkham Intelligence reminded us that El Salvador is still buying Bitcoin. […]
El Salvador continues to buy more Bitcoin every day, and now holds approximately $349 Million worth of BTC. The president has been buying 1 Bitcoin daily since late 2022, with the purchases being recorded on-chain since March 2024.
In the latest post on X, Arkham Intelligence reminded us that El Salvador is still buying Bitcoin.
REMINDER: El Salvador is buying
El Salvador holds $359.58M in BTC and they’re still buying – EVERY DAY
The government under @nayibbukele has been purchasing 1 BTC every day since late 2022, and has been recording purchases directly on-chain since March this year. pic.twitter.com/ZjNd2b3WV9
— Arkham (@ArkhamIntel) September 18, 2024
Based on on-chain data, Bitcoin is the only public asset that the El Salvador Government currently holds in its cryptocurrency portfolio. The country’s government continues to buy 1 BTC regardless of the price action, with the latest purchase being made 1-day ago at a price of $61K.
At the same time, its average purchase price currently stands at $59,358.
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