Posted 3/22/2024, 2:29:00 PM
El Salvador Keeps Stacking Sats, Holds Over $400 Million in Bitcoin As World's First Crypto Nation
- El Salvador continues buying bitcoin daily, now holding over 5,690 BTC worth about $400 million stored in a physical vault
- The country recently transferred over 5,000 BTC to a cold wallet to securely store its growing bitcoin assets
- El Salvador has boosted bitcoin holdings through various means like daily purchases, passport sales, business conversions, mining, and government services
- The nation became the first to adopt bitcoin as legal tender in 2021 and is creating a tax-free crypto haven to attract investments
- Despite IMF warnings, El Salvador remains committed to its bitcoin strategy to transform itself into a wealthy nation through crypto