The authorities of El Salvador moved the purchased bitcoins to a cold wallet “in the country.” President Nayib Bukele published an address containing 5,689.69 BTC (~$406.6 million).
We've decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory.
You can call it our first #Bitcoin piggy bank 🇸🇻
It's not much, but it's honest work 😂 pic.twitter.com/dqzedykxT1
— Nayib Bukele (@nayibbukele) March 14, 2024
The number of coins is almost double the volume (2381 BTC) that was associated with El Salvador by specialized aggregators like Buy Bitcoin Worldwide.
On March 12, Bukele announced that the country has additional sources of income in the first cryptocurrency.
On February 28, the head of state estimated the unrealized profit from investments in digital gold at 40% or $41.6 million.
In early February, Nayib Bukele was re-elected president of El Salvador. He promised to continue pursuing the Bitcoin strategy.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
