El Salvador Expands Bitcoin Portfolio: Government Acquires 93.417 BTC Since December 2024

COINOTAG News reports that as of February 18th, recent data from spotonchain indicates a notable uptick in Bitcoin acquisition by the Salvadoran government. Since December 22, 2024, El Salvador has accumulated an impressive total of 93.417 BTC, with an average acquisition cost of $98,579. This activity reflects a consistent daily purchase ranging from 1 BTC to 11 BTC, translating into an average of approximately 1.6 BTC purchased each day. As it stands, El Salvador’s total Bitcoin reserves are reported at 6,081 BTC, valued at around $5.799 billion. Notably, on February 14th, President Nayib Bukele engaged in discussions with Michael Saylor, the founder of Strategy (formerly MicroStrategy), regarding the future of Bitcoin, further solidifying the nation’s commitment to digital currency investments.