With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.
El Salvador, the first nation to adopt Bitcoin as legal tender, has continued to aggressively accumulate the cryptocurrency.
According to recent data from blockchain analytics platform Arkham Intelligence, the Salvadoran government has been steadily adding to its Bitcoin reserves, purchasing one Bitcoin (BTC) every day since March 16.
This ongoing acquisition has resulted in the addition of 162 Bitcoin to the country’s holdings, bringing its total to 5,851 BTC, valued at approximately $356.4 million as of the latest market prices.
