El Salvador Cold Wallet Surges with 5,850 BTC!

Key Points:

• The El Salvador cold wallet has purchased 1 BTC daily since March 16, totalling 160 BTC.
• The government’s BTC reserves now stand at 5,850 BTC, valued at around $355.83 million, with an average cost of $44,835.
• The government enjoys a floating profit of $93.45 million, marking a 35% increase in value from its initial investment.

According to on-chain analyst EmberCN, the El Salvador cold wallet address has been buying 1 BTC daily since March 16.

El Salvador Cold Wallet Accumulates 160 BTC Daily

This incredible streak has continued for over five months, racking up 160 BTC, which equates to about $10.31 million.

The El Salvador cold wallet address’s total BTC holdings increased significantly to 5,850 BTC, resulting in a value approaching about $355.83 million at the time of publication. This further investment has been made with a mean price for BTC of $44,835.

Read more: El Salvador’s Bitcoin Certification Program for Officials!

Government’s Floating Profit Hits $93.45M

This means that the government’s BTC position has built an impressive floating profit of about $93.45 million, representing an increase of about 35% from its original investment. That strategic accumulation reaffirms El Salvador’s commitment to its Bitcoin-backed financial policies and a larger vision of a country that allows cryptocurrencies to be integrated into the economy on official grounds.