Sam Price Reveals El Salvador's Bitcoin Reserve Dynamics
According to Twitter user Sam Price, El Salvador continues to purchase Bitcoin daily. As of October 18, the national reserves have reached 7,808 Bitcoins, valued at approximately $638 million. In the past month, 31 Bitcoins have been added, with 8 added in the past week. Since 2021, the Salvadoran government has been buying one Bitcoin every day and tracking it through a public wallet. The government employs a different investment strategy by buying at market lows.
-- Price
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