El Salvador continues to strengthen its position in the Bitcoin market with a new purchase marking Bitcoin Day. President Nayib Bukele confirmed the acquisition of 21 BTC.
Purchase of Bitcoins for Bitcoin Day
President Nayib Bukele announced the Bitcoin purchase on social media, describing it as a way to honor 'Bitcoin Day,' the moment in 2021 when the country first recognized BTC as legal tender.
Increase of El Salvador's Reserves
The recent acquisition raises the nation's Bitcoin holdings to over 6,300 BTC, valued at just over $700 million. For months, the National Bitcoin Office has been quietly adding to reserves with a one-BTC-per-day accumulation plan, indicating that their strategy is not merely symbolic but systematic.
Updates on Security and Regulation
The celebration follows El Salvador’s distribution of its holdings across 14 wallets as a safeguard against potential future risks, including so-called quantum threats. At the same time, lawmakers approved new legislation allowing major banks and financial institutions to offer Bitcoin and digital asset services to professional investors.
Thus, El Salvador continues its Bitcoin acquisition strategy despite criticism and contradictory statements from financial organizations. President Bukele insists that the Bitcoin experiment is ongoing and thriving.
