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.
| 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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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.
| 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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