El Salvador’s Bitcoin Bet Swells to $644M as Rally Boosts Sovereign Holdings
Summary
El Salvador's Bitcoin holdings have increased in value, reaching over $644 million, with a recent rise of 30 BTC. The current value is approximately $637 million, reflecting a gain of over $137 million in the past month. Bitcoin briefly approached its all-time high, driven by macroeconomic factors and strong ETF inflows. Despite an IMF loan of $1.4 billion requiring reduced public-sector crypto involvement, El Salvador continues its "one Bitcoin a day" acquisition policy. President Nayib Bukele asserts that this policy will persist. El Salvador ranks as the sixth-largest sovereign Bitcoin holder with 6,181 BTC. Other nations are observing El Salvador's approach, with discussions on national crypto reserves occurring globally.
