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Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily.shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total Bitcoin holdings to 5,850 BTC, valued at approximately $355.83 million. With an average purchase price of $44,835 per BTC, El Salvador’s Bitcoin investments are currently yielding a substantial floating profit of $93.45 million, reflecting a 35% paper gain.
In September 2021, El Salvador made history by becoming the first country to officially adopt Bitcoin as legal tender with the implementation of the BTC law. Over the years, the country has rolled out several projects, like Bitcoin bonds, volcano-fueled BTC mining, and a citizenship program linked to such investments, all while adopting a strategy to accumulate and maintain its holdings.its decision to educate and certify 80,000 government employees in Bitcoin-related topics.
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