Key Takeaways
- El Salvador launches a real-time Bitcoin treasury tracking website.
- The country's Bitcoin stash is valued at around $360 million, comprising over 5,748 BTC.
- The tracking website is part of El Salvador's broader strategy to enhance financial transparency and attract further Bitcoin investments.
El Salvador, under President Nayib Bukele’s leadership, has launched a new website to monitor its Bitcoin treasury.
This site, bitcoin.gob.sv, provides up-to-date data on the country’s 5,748 BTC holdings, valued at approximately $360 million.
Historical context and BTC acquisition
El Salvador became the first country to adopt Bitcoin as legal tender in 2021, leading to substantial financial improvements.
Since then, the nation has consistently bought Bitcoin, buying 1 BTC per day as of late.
On top of daily buys, the government has done bulk acquisitions, and used geothermal-powered mining to build its stash.
Implications of the new BTC tracking website
The newly launched tracker platform demonstrates El Salvador’s commitment to financial transparency using Bitcoin’s features.
Although the country faces market volatility, its strategy has yielded $57 million in unrealized profits, reinforcing confidence in its Bitcoin-focused financial policy.
