According to Golden Finance News, based on data from the website of El Salvador’s Ministry of Finance, El Salvador has increased its holdings of eight Bitcoin in the past seven days. As of now, the total holdings of Bitcoin in this country have reached 6,209.18. Estimated at the current currency value, the total value is as high as 664 million US dollars.
Looking back over the past 30 days, El Salvador has been very active in Bitcoin investment, with a cumulative increase in holdings reaching 30. Despite the sharp fluctuations in the Bitcoin market price, such as the recent BTC price falling below the $108,000 mark, which once caused market turmoil, El Salvador does not seem to have changed its strategy of continuously purchasing Bitcoin. Previously, the Salvadian government has drawn much attention in terms of Bitcoin investment. Even in the face of pressure from the International Monetary Fund (IMF) to reduce Bitcoin purchases, the country’s president Bukele still firmly supports the Bitcoin project and regards it as a priority for the government.
Nowadays, El Salvador’s continuous increase in its holdings of Bitcoin further demonstrates its optimism about the future value of Bitcoin and its unique asset allocation approach in the global financial system.
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