El Salvador now holds more than 6,000 Bitcoin, reaching this milestone after adding another BTC on December 29.
The country's Bitcoin (BTC) treasure now stands at 6,000.77 BTC, worth about $561.3 million according to the National Bitcoin Office wallet controller.
The latest purchase follows El Salvador's consistent acquisition strategy. The portfolio has shown an increase of 19 BTC over the past week and 53 BTC over the past month, worth $1.77 million and $4.95 million, respectively.
This systematic approach has been profitable, with the country's Bitcoin investments showing an unprecedented 105% return based on an average acquisition cost of $45,465.
El Salvador's crypto tour
El Salvador made history on September 6, 2021, when it became the first country to accept cryptocurrency as legal tender. The country started with an initial purchase of 200 BTC.
Since then, the country has maintained a steady construction strategy. This includes the recent $1 million purchase following a massive $1.4 billion deal with the International Monetary Fund (IMF).
The administration of President Nayib Bukele has been steadfast in his Bitcoin strategy despite initial skepticism from international financial institutions, especially the IMF.
The government's daily Bitcoin purchase program has contributed to making El Salvador the sixth largest Bitcoin holder among countries. The country has joined the ranks of major world powers, including the United States, China, and the United Kingdom.
The country's Bitcoin portfolio has gained significant value during the recent cryptocurrency market recovery. The country's holdings are now worth more than half a billion dollars.
Through its National Bitcoin Office, El Salvador continues to expand its cryptocurrency initiatives. According to the data from Finder Nayibthe country's BTC stash is now worth an undisclosed gain of $152 million.
