Mike Smith
Feb 18
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The authorities of El Salvador continue to actively replenish state reserves in bitcoins, increasing the volume of daily purchases to 1.6 BTC. Since December 22, 2024, the country has purchased 93,417 BTC at an average price of $98,579 per coin, bringing the total amount of digital assets in the national fund to 6,081 BTC, equivalent to $579.9 million.
The government has made several significant transactions through Bitfinex over the past month. The largest of them, worth more than $2.19 million, indicate a stable implementation of the strategy to accumulate crypto assets. This approach demonstrates the government's confidence in the long-term potential of digital money.
Since December 2024, the country's BTC strategy has undergone some changes: now the investment volume varies from 1 to 11 BTC per day. This step is probably due to the growth of the cryptocurrency rate, which has strengthened Bitcoin's position in the market and increased interest in it from major players. In addition, the instability of the global economy and inflation risks are pushing for the search for alternative instruments to protect national reserves.
El Salvador has become the first state to recognize Bitcoin as an official means of payment. Despite the mixed reaction of the international community, the authorities continue to develop the digital economy, counting on attracting investors and tourists. The country is actively creating conditions for the use of BTC in everyday life, and initiatives are being developed for the further integration of blockchain technologies into the financial system.
Experts note that the current government policy can significantly strengthen the state's economy. Diversification of reserves through crypto assets reduces dependence on traditional currencies and minimizes the impact of external financial shocks. If the pace of purchases continues, El Salvador will continue to increase the share of BTC in its assets, which may affect its position in the global financial system.
