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El Salvador Surpasses 6,000 Bitcoins in Holdings

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Suehyeon Lee
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  • El Salvador reported that its Bitcoin holdings surpassed 6,000, with the asset value amounting to approximately $569.3 million.
  • The El Salvador government stated that it purchased 6,000.77 Bitcoins at an average price of $45,450, achieving a current investment return of 108.02%.
  • This is the result of El Salvador consistently purchasing Bitcoin after becoming the first country in the world to adopt it as legal tender.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

El Salvador has surpassed 6,000 Bitcoins (BTC) in its holdings, becoming the sixth country to hold more than 6,000 Bitcoins.

According to Cointelegraph on the 29th (local time), El Salvador purchased an additional Bitcoin, increasing its total holdings to 6,000.77. The current value of these holdings is approximately $569.3 million (about 840.2 billion KRW).

The El Salvador government purchased 6,000.77 Bitcoins at an average purchase price of $45,450, with a current investment return of 108.02%. On September 6, 2021, El Salvador first purchased 200 Bitcoins, shortly after becoming the first country in the world to adopt Bitcoin as legal tender.

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shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.