Here is the amount of El Salvador’s cold wallet accumulated since mid-March by Bitcoin Daily

Since March 16, the Salvadoran government’s cold wallet address has consistently bought 1 BTC daily.

In the process, he has amassed 160 BTC over five months.

The government of El Salvador buys 1 BTC daily

According to the latest data shared by Chinese crypto data account EmberCN, this strategic hoarding has brought the country’s total Bitcoin holdings to 5,850 BTC, valued at approximately $355.83 million. With an average purchase price of $44,835 per BTC, El Salvador’s Bitcoin investments are currently yielding a substantial floating profit of $93.45 million, reflecting a paper gain of 35%.

This continued commitment to acquire Bitcoin highlights the country’s belief in the cryptocurrency’s long-term potential.

In September 2021, El Salvador made history by becoming the first country to officially adopt Bitcoin as legal tender with the implementation of the BTC law. Over the years, the country has launched various projects, including Bitcoin bonds, volcano-fueled BTC mining, and a citizenship program linked to these investments, all while adopting a strategy to accumulate and maintain its holdings.

Earlier this week, El Salvador’s National Bitcoin Office (ONBTC) announced its decision to educate and certify 80,000 government employees on Bitcoin-related topics. This BTC-friendly Central American nation introduced a training program aimed at equipping public officials with knowledge of strategic management and policies related to Bitcoin.

Called “Certification in Public Administration 1”, it is a 160-hour virtual and asynchronous course structured in seven modules, each addressing different concepts, legal frameworks, skills and management techniques linked to the implementation of Bitcoin as legal tender.

Argentina turns to El Salvador’s Bitcoin targeting strategy

The financial success achieved by El Salvador through the adoption of Bitcoin has piqued the interest of other economies facing severe inflation.

For example, Argentina began consulting with El Salvador to learn from its Bitcoin adoption journey and broader crypto activities in May of this year, as part of which representatives of the National Securities Commission ( CNV) of Argentina met with the National Commission of Digital Assets (CNAD) of El Salvador. .

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