2- El Salvador has accumulated 5,851 BTC
2- El Salvador has accumulated 5,851 BTC, which translates to approximately $355.4 million USD. Although the average purchase price was $44,835 per Bitcoin, the country is now seeing a profit of around $93.45 million, reflecting a 35% gain.
For El Salvador, Bitcoin represents more than just digital currency; it symbolizes a modern economy and financial freedom. Since Bitcoin was made legal in September 2021, the country has been working to integrate it into daily life. They have even set up a geothermal power plant that uses volcanic energy for Bitcoin mining.
Moreover, El Salvador is rolling out an ambitious educational initiative to train 80,000 government officials on Bitcoin usage. This 160-hour program, divided into seven modules, aims to turn these officials into knowledgeable users and advocates of the cryptocurrency.
Despite recent fluctuations in Bitcoin's value, El Salvador remains committed to its investment strategy, which has sparked mixed responses globally.