El Salvador, located in Central America, has been continuously investing in BTC, and its current BTC reserves have exceeded $500 million.
Recently, El Salvador has purchased more BTC, increasing its holdings to more than 6,000.
Salvador’s President Nayib Bukele has further consolidated BTC’s position as the country’s main treasury asset by strengthening the country’s BTC reserves.
The move shows that El Salvador has incorporated Crypto assets into its treasury management strategy.
The National BTC Office’s portfolio tracker shows that with this purchase, El Salvador has accumulated a total of 6,000.77 BTC, and its Crypto asset treasury assets have reached $569.3 million.
Data shows that the newly acquired BTC has increased El Salvador's Crypto asset investment by 108.02%.
According to the country's BTC portfolio tracker, El Salvador purchased BTC assets at an average price of $45,450 per coin.
El Salvador now joins the elite ranks of countries with huge BTC reserves.
Crypto asset analyst Whale Catcher wrote in an article: "El Salvador has become the sixth country to now hold more than 6,000 BTC."
Among countries holding large amounts of BTC, El Salvador ranks behind the United States, China, the United Kingdom, Ukraine and Bhutan, joining an elite club of governments that have incorporated BTC into fiscal strategies.
Historically, El Salvador usually buys one BTC per day, analysts said.
However, after reaching a $1.4 billion deal with the International Monetary Fund (IMF), the country bought $1 million worth of Crypto assets in a single day and repeated this huge purchase on December 22.
El Salvador was the first country to declare BTC as legal tender.
On September 6, 2021, the Salvadoran government made its first purchase of 200 Crypto assets, and the country subsequently began adopting BTC.
Since then, the Central American country has strengthened its Crypto asset holdings despite the IMF's request that the country slow down BTC activities.
El Salvador’s BTC reserve strategy may be criticized by the international community, but this will not prevent the Bukele government from increasing the country’s BTC holdings.
Stacy Herbert, director of the El Salvador National BTC Office, reiterated the government’s commitment to promoting BTC investment. Herbert stated in a recent article: “El Salvador will continue to purchase BTC for its BTC strategic reserve.”
The government of El Salvador clarified that it will continue to acquire BTC and does not intend to sell its BTC holdings.
Tether is expanding into AI filmmaking, hiring experts and planning to grow its team to 200 by mid-2025. The company is also investing in AI and cloud computing to enhance scalability and technology.
AnaisA UK court denied James Howells' bid to recover a hard drive with 8,000 Bitcoin buried in a Newport landfill, citing high excavation costs and environmental concerns. Mined in 2009, the lost Bitcoin is now worth over $750 million.
CatherineEl Salvador continues to buy Bitcoin, including a recent purchase of 11 BTC, increasing its total holdings to over 6,000 BTC. President Bukele has also expressed interest in acquiring Bitcoin seized by the U.S. government, further solidifying the country’s commitment to cryptocurrency.
Anais
AlexHo Chi Minh City is using AI to control traffic lights at key intersections to improve traffic flow and reduce congestion. The city is also testing Digital Twin technology to monitor real-time conditions and plans to expand these systems to more areas.
WeatherlySingapore has blocked Polymarket, labelling it an unlicensed gambling platform under its strict betting laws. The platform also faces regulatory scrutiny in the US and France, putting its global future in question.
CatherineMango Markets, a Solana-based DEX, is shutting down after an SEC settlement, governance disputes, and legal issues from a 2022 exploit. Users are urged to close positions as the platform winds down to preserve remaining assets.
KikyoJamie Dimon, CEO of JPMorgan, reiterated his skepticism about Bitcoin, calling it "useless" and without intrinsic value, while highlighting its use in illegal activities. Despite Bitcoin's rise in popularity, Dimon remains unconvinced of its legitimacy and long-term value in the financial landscape.
AnaisLitecoin’s X account was hacked to promote a fake Solana-based token using the LTC ticker, following a similar attack on Foresight Ventures. Hackers are increasingly using phishing emails disguised as X communications to steal user credentials. Will cyber attacks escalate in 2025?
CatherineA 47-year-old man, Kurrimela Ramesh Goud, was arrested in India for defrauding investors of over Rs. 95 crores ($11 million) through a fake cryptocurrency platform. Authorities are investigating the large-scale scam and expect more victims to come forward.
Weatherly