El Salvador Continues to Buy Bitcoin Despite Bear Market

Source
Uk Jin

Summary

  • It was reported that El Salvador is drawing attention by continuously purchasing Bitcoin.
  • El Salvador holds a total of 6,139 Bitcoins, which is currently valued at $478.34 million.
  • Since November 18, 2022, El Salvador has been implementing a policy of purchasing 1 Bitcoin per day.

As Bitcoin (BTC) has fallen below the $80,000 mark, the South American country of El Salvador is drawing attention. This is because it continues to purchase Bitcoin regardless of its price direction.

According to Arkham, as of 8:18 AM on the 7th (KST), El Salvador purchased 1 Bitcoin 8 hours ago. This brings El Salvador's total Bitcoin holdings to 6,139. The current value is approximately $478.34 million.

El Salvador was the first country in the world to adopt Bitcoin as legal tender in 2021. Additionally, the El Salvadoran government is currently accumulating Bitcoin using the national budget, calling it the 'Strategic Bitcoin Reserve' (SBR). Notably, since November 18, 2022, they have been implementing a policy of purchasing 1 Bitcoin per day.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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