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El Salvador has reached a significant milestone in its Bitcoin adoption journey by unveiling its Bitcoin treasury holdings through the National Bitcoin Office (ONBTC). The ONBTC announced the development on Twitter, inviting anyone to check out the country’s Bitcoin treasury holdings on its mempool space.
The disclosed data reveals that El Salvador’s Bitcoin treasury currently holds 5,748.76 BTC, equivalent to a staggering $360,021,592 in US dollar value. Additionally, recent transactions indicate that El Salvador acquired 7 BTC in the past week and 30 BTC in the last 30 days, aligning with its commitment to purchasing 1 BTC daily since November 2022.
According to the Nayib Bukele Portfolio tracker, El Salvador’s dollar cost average stands at approximately $43,097, resulting in an unrealized profit of around $57 million. This move towards transparency demonstrates El Salvador’s continued dedication to its Bitcoin adoption strategy and reinforces its position as a leader in embracing cryptocurrency at a national level.
