After 39 months of continuous purchases, El Salvador's Bitcoin holdings reached 6000 coins.
This makes the country the sixth largest sovereign holder of Bitcoin in the world, with the total value of BTC equal to approximately $570 million.
With Bitcoin rising from $45,000 to $108,000, the investment has proven particularly profitable.
Thank God, Bitcoin “Our country’s reserves are now worth 127% more than we paid for them, an increase of more than $344 million,” wrote the country’s president, Nayib Bukele.
El Salvador's investment strategy is fairly simple, buying one bitcoin per day, but the country has made several large purchases recently, including purchasing 11 bitcoins on December 20.
At the same time, the Salvadoran government signed a $1,4 billion loan agreement with the International Monetary Fund, which requires organizations to voluntarily accept Bitcoin.
This condition is put forward due to concerns about potential financial risks associated with the volatility of BTC and cryptocurrencies in general.
Galaxy Research predicts that by 2025, at least five nation-states will add Bitcoin to their reserves, driven by a desire for diversification, strategic competition, and international settlements in cryptocurrencies.
