El Salvador has continued his accelerated Bitcoin -Koopspree, after he has collected more than 20 BTC for the past seven days.
According to facts From the Bitcoin office of the country, 12 BTC was added to the stock on 4 February over two separate purchases. First, the 11 BTC acquired around $ 1.1 million at an average price of $ 101,816 per BTC and then only bought 1 BTC for $ 99,114 a few hours later.
With these latest purchases, the total Bitcoin Holdings of El Salvador is now at 6,068 BTC, with a value of more than $ 592 million during writing. The country has consistently stacked SATs and has added 60 BTC in the past month alone.
El Salvador gathered BTC when it had difficulty climbing over $ 100,000, after market youngsters of the recent tariff shock of President Trump. Bitcoin fell to a low of $ 98.361 on 4 February, according to Coingecko data.
Earlier, El Salvador took 11 BTC on January 9 and repeated the move on January 20.
El Salvador initially started collecting BTC under its “1 Bitcoin per day” program that was introduced in 2022 after President Nayib wrote Bukele History by officially recognizing the Bellwether Crypto as a legal tender.
However, it has deviated from this pattern and has adopted a more aggressive accumulation strategy, so that larger pieces of Bitcoin are picked up at a faster pace. Stacy Herbert mentioned this new approach for the first time on December 19, just more than a week after the country negotiated a $ 1.4 billion loan with the International Monetary Fund.
The deal came up with conditions for scaling some of his Bitcoin-related policy measures. El Salvador has already made Bitcoin acceptance optional and has agreed to conclude the Chivo wallet supported by the State as part of the agreement.
Elsewhere, other countries take instructions from the Bitcoin strategy of El Salvador, in which some people investigate the idea of building their own reserves. The United States is the most prominent among them, while countries such as Brazil, the Czech Republic and Poland have also considered it.
