7777 BTC! El Salvador continues to expand its Bitcoin reserves
The number of Bitcoins held by the El Salvador government has already reached 7,777. Based on the current price, it is worth approximately $594 million.
What’s even more worth noting is that this was not achieved in a single, one-time buy.
Reports say El Salvador has maintained a daily purchase of 1 BTC for 916 consecutive days.
Using the currently disclosed data, its average cost per BTC is about $55,718/BTC, and its unrealized profit is approximately $162 million.
Since 2021, when Bitcoin was listed as legal tender, and now as reserves have approached 8,000 BTC, El Salvador’s BTC strategy has been going on for years.
And behind the “7,777 BTC” figure, what deserves the most attention is this:
An increasing number of countries, companies, and institutions are starting to put BTC into the framework of asset allocation and reserve discussions.
Of course, for a country to hold BTC also means it must deal with issues such as price volatility, fiscal risks, and policy implementation.
7777 is just a number, but the time span of continuous buying is what truly makes this news worth关注.
#BTC #bitcoin #萨尔瓦多政府持仓增至7777枚btc
The number of Bitcoins held by the El Salvador government has already reached 7,777. Based on the current price, it is worth approximately $594 million.
What’s even more worth noting is that this was not achieved in a single, one-time buy.
Reports say El Salvador has maintained a daily purchase of 1 BTC for 916 consecutive days.
Using the currently disclosed data, its average cost per BTC is about $55,718/BTC, and its unrealized profit is approximately $162 million.
Since 2021, when Bitcoin was listed as legal tender, and now as reserves have approached 8,000 BTC, El Salvador’s BTC strategy has been going on for years.
And behind the “7,777 BTC” figure, what deserves the most attention is this:
An increasing number of countries, companies, and institutions are starting to put BTC into the framework of asset allocation and reserve discussions.
Of course, for a country to hold BTC also means it must deal with issues such as price volatility, fiscal risks, and policy implementation.
7777 is just a number, but the time span of continuous buying is what truly makes this news worth关注.
#BTC #bitcoin #萨尔瓦多政府持仓增至7777枚btc