El Salvador Holds 5779 Bitcoins Mining Over 473 Coins Since 2021

El Republic of El Salvador has emerged as a prominent financial center in Central America, driven by its adoption of Bitcoin (BTC). Following the successful navigation of the country out of a security crisis during his first term, President Nayib Bukele of El Salvador was re-elected with overwhelming support.
El Salvador Bitcoin Holdings Soar
Since incorporating Bitcoin (BTC) alongside the United States dollar in 2021, El Salvador has amassed over 5,779 BTC, valued at approximately $390.5 million. The country has acquired additional Bitcoins through various channels, including its citizenship program, mining operations, and daily purchases.
Earlier this year, El Salvador launched its Freedom Visa initiative, designed to welcome 5,000 highly skilled individuals with complimentary passports. Notably, the visa program accepts payments in Bitcoin and USDT.
In terms of mining activities, El Salvador has secured more than 473 BTC, with a value exceeding $31 million, since 2021. By utilizing its volcanic geothermal power for Bitcoin mining, the country is also contributing to cleaner energy solutions.
President Bukele recently announced that El Salvador would acquire 1 Bitcoin per day.
Furthermore, the country has made significant improvements to its infrastructure, such as school upgrades, road enhancements, and bolstered security measures, aimed at attracting more investors. Additionally, El Salvador benefits from a Bitcoin Bond that aids in its operations.
Market Impact
The substantial increase in Bitcoin value over the past year has led to a significant rise in El Salvador’s Gross Domestic Product (GDP). Furthermore, there is a growing trend of institutional investors worldwide recognizing Bitcoin as a valuable asset class.
Consequently, cryptocurrency liquidity is expected to improve steadily in the years ahead as more nations follow in the footsteps of El Salvador.