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- El Salvador, the first country to make Bitcoin a legal tender, has launched a new platform to disclose its Bitcoin holdings.
- The platform reveals that the nation currently holds 5,748.76 BTC, valued at over $360 million.
- This move underscores El Salvador’s commitment to Bitcoin as part of its national financial strategy.
El Salvador, the pioneer in adopting Bitcoin as legal tender, unveils a platform showcasing its Bitcoin treasury, further emphasizing its commitment to the cryptocurrency.
El Salvador Launches Bitcoin Holdings Platform
In a groundbreaking move, El Salvador, the first country to recognize Bitcoin as legal tender, has recently launched a platform to disclose its Bitcoin holdings. The announcement was made by the National Bitcoin Office of El Salvador, introducing a mempool space where anyone can monitor the nation’s Bitcoin treasury.
El Salvador’s Bitcoin Treasury
According to the data on the new platform, El Salvador currently holds 5,748.76 BTC, which is valued at over $360 million. The data also reveals that in the past week, El Salvador has purchased 7 BTC worth $438,000, and in the last month, it has acquired 31.01 BTC valued at $1.94 million. The country’s last Bitcoin purchase was made approximately 13 hours ago.
Bitcoin Commitment as National Financial Strategy
This initiative underscores El Salvador’s commitment to Bitcoin as part of its national financial strategy. The country’s adoption of Bitcoin as legal tender in September 2021 was a landmark event in the world of cryptocurrencies, setting a precedent for other nations to potentially follow. This latest move of transparency in revealing its Bitcoin holdings further cements the nation’s dedication to the digital currency.
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Conclusion
El Salvador continues to lead the way in embracing Bitcoin, with the launch of its Bitcoin holdings platform being the latest in a series of pro-Bitcoin initiatives. This move not only enhances transparency but also reaffirms the nation’s commitment to incorporating Bitcoin into its financial strategy. As the world watches, El Salvador’s Bitcoin journey may well pave the way for other nations to explore the potential of cryptocurrencies.
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