El Salvador Now Owns 6000 Bitcoins Worth $566.56 Million as Government Treasury

By acquiring another BTC on Sunday, the Central American nation El Salvador led by President Nayib Bukele now owns 6000 Bitcoins worth $566.56 Million.

El Salvador now has 6000 Bitcoins in its treasury after acquiring another BTC on Sunday. This move places El Salvador among the select group of nations, including the U.S., China, Ukraine, the United Kingdom, and Bhutan, that own more than 6000 Bitcoins.

According to data obtained from El Salvador's National Bitcoin Office, the government purchased 1 BTC on Sunday for $94,686, bringing their total Bitcoin holdings to 6000.77, which are currently valued at $566.56 Million.

This information was also supported by data from President Nayib Bukele's portfolio tracker, which showed an all-time high of 107.53% return on his Bitcoin investment.

Since assuming the presidency of El Salvador, President Bukele has taken bold and proactive measures to advance cryptocurrencies, particularly Bitcoin. Under Bukele's leadership, El Salvador became the first nation in the world to legalize Bitcoin as legal tender, and on November 17, 2022, he announced that his government will begin purchasing one Bitcoin daily.

Bukele has also promoted sustainable Bitcoin mining using the country's volcanic resources and even unveiled plans to "rent a volcano" for mining activities. Despite a $1.4 Billion agreement with the International Monetary Fund (IMF) that included a key provision requiring El Salvador to reduce its BTC purchase policies, the Bukele government continues to purchase Bitcoins.