El Salvador Purchases Additional $1.1 Million Worth of Bitcoin, Surpassing 6,067 Holdings
JOON HYOUNG LEE
Summary
- El Salvador reported that it has purchased an additional 11 Bitcoins, bringing its total Bitcoin holdings to over 6,067.
- The purchase amounts to $1.1 million, which is said to be an extension of El Salvador's policy of adopting Bitcoin as legal tender.
- El Salvador had already adopted Bitcoin as legal tender in 2021.
El Salvador has purchased an additional $1.1 million (approximately 1.6 billion KRW) worth of Bitcoin (BTC).
According to Bitcoin Magazine on the 4th, El Salvador bought 11 more Bitcoins today. The additional purchase by El Salvador amounts to $1.1 million.
With this purchase, El Salvador's Bitcoin holdings have surpassed 6,067. El Salvador was the first in the world to adopt Bitcoin as legal tender in 2021.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
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