Key Points:
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!
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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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