As of November 10, COINOTAG News reports that the Bitcoin Office of El Salvador continues to acquire Bitcoin at a pace of 1 BTC per day. This steady accumulation brings the country’s total Bitcoin reserves to an impressive 5929.7 BTC, translating to a current valuation of around $470 million. El Salvador’s ongoing commitment to Bitcoin as a national asset underlines its strategy to bolster financial inclusion and assert its position in the growing cryptocurrency market. By adopting the world’s leading digital currency, El Salvador aims to leverage blockchain technology for economic purposes while navigating the volatility inherent in crypto investments. With these daily purchases, the nation not only aims to stabilize its holdings but also to inspire broader acceptance of Bitcoin as a legitimate currency within the global financial ecosystem.
Source: https://en.coinotag.com/breakingnews/el-salvador-boosts-bitcoin-holdings-to-5929-7-btc-with-daily-1-btc-purchases/