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El Salvador Accelerates Bitcoin Buying Despite Pause in Bull Rally

El Salvador Accelerates Bitcoin Buying Despite Pause in Bull Rally

HappyCoinNewsHappyCoinNews2025/02/02 20:22
By:HappyCoinNews

Statistics show that El Salvador has accelerated its Bitcoin purchases despite the pause in the cryptocurrency bull run.

According to the National Salvadoran Bitcoin -office, from January 1, 2025, the country's authorities Bought 51 BTC worth $5,1 million at the current rate. In December, the government purchased only 22 coins, meaning the rate at which Bitcoin reserves are growing has more than doubled.

El Salvador Accelerates Bitcoin Buying Despite Pause in Bull Rally image 0

El Salvador's Bitcoin Balance Grows

After Salvadoran officials reached an agreement with the International Monetary Fund last December to receive a $1,4 billion loan, the director of the National Salvadoran Bitcoin -office Stacy Herbert announced her intention to accumulate bitcoin at a faster rate in 2025. Given the amount of BTC the government has acquired since January 1, it is clear that Herbert has put her plans into action.

El Salvador currently holds 6055 BTC worth $607,3 million. Since October 2021, cryptocurrency investments have generated unrealized profits for the state of 118%. That is, the average return on investment in bitcoins has reached a high of 36% per annum. It is not surprising that officials want to continue investing in digital assets.

Not only did we manage to pull off one of the greatest rebrands in history, but we also launched a field test of a winning strategy for the country [of investing in bitcoin], stated in the press service of the National Salvadoran Bitcoin -office.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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