COINOTAG reported on January 20 that recent on-chain analysis reveals El Salvador has made a significant addition to its cryptocurrency portfolio. The nation has acquired an additional 11 BTC, valued at approximately $1,113,508, which elevates its total holdings to 6,043.18 BTC. This accumulation, now worth $608,264,513, underscores El Salvador’s ongoing commitment to crypto adoption. The nation continues to be a focal point in the cryptocurrency landscape, showcasing the potential of Bitcoin as a viable asset for national reserves. By strategically increasing its BTC stake, El Salvador enhances its position in the digital currency arena, reflecting a broader trend of institutional interest in cryptocurrencies. Such moves are pivotal in shaping the future of blockchain technology and its integration into traditional economic frameworks.
Source: https://en.coinotag.com/breakingnews/el-salvador-boosts-bitcoin-holdings-by-11-btc-totaling-over-608-million/