Mar 12 2025
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This brings the country’s total Bitcoin reserves to 6,111.18, valued at approximately $493 million at current market prices. The latest buy comes as Bitcoin’s price continues to hover just above $80,000 at the start …
Apr 05 2024
El Salvador’s incumbent President Nayib Bukele marked a landslide victory, indicating that he could be re-elected for a second term. In an X post, B Dukele declared himself the winner of the Presidential election, which was held on Feb. 4, 2024. According to the post, his political party, Nuevas Ideas (New Ideas), won with over …
Apr 02 2024
El Salvador initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. President Nayib Bukele’s Bitcoin strategy was questioned after its value dropped from $69,000 in November 2021 to $16,000 a year later. However, the investment returned to profitability when Bitcoin surpassed the average purchase price of $42,600 in February. El Salvador …
Feb 10 2024
Bitfinex has announced the launch of a securities trading platform in El Salvador. El Salvador is the first country to recognize bitcoin (BTC) as legal tender. The new platform launch follows the of several Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) two weeks ago. The move rides on the …