El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves
El Salvador, renowned for its move to adopt Bitcoin as legal tender in September 2021, has now introduced a cutting-edge online platform for tracking the country’s Bitcoin Treasury.
The initiative, spearheaded by The Bitcoin Office, a Salvadoran government agency dedicated to overseeing Bitcoin-related projects, aims to offer public access to data on the country’s BTC investments through a specialized mempool.
El Salvador now has its own @mempool space where anyone can check out our #bitcoin treasury holdings.
See details in the next post. pic.twitter.com/PEpVemHoFO
— The Bitcoin Office (@bitcoinofficesv) May 12, 2024
The official announcement from the Bitcoin Office stated,
“EL SALVADOR NOW HAS ITS @MEMPOOL WHERE ANYONE CAN CHECK OUR BITCOIN TREASURY HOLDINGS.”
The introduction of this platform signifies a significant step towards enhancing the financial transparency of government operations in El Salvador. The newly launched website, akin to a mempool, offers public access to data regarding El Salvador’s BTC investments.
According to the website, the country holds 5,748.76 BTC, valued at over $352.8 million. The platform also reveals that the Salvadoran government acquired an additional 31 BTC in the past month and 7 BTC in the previous week.
The recent addition to its BTC reserves aligns with President Nayib Bukele’s visionary strategy, announced in November 2022, in which El Salvador aims to accumulate “1 bitcoin per day.” By actively increasing its Bitcoin reserves, El Salvador continues to position itself as a leader in Bitcoin and blockchain technology.
With the launch of this new website, El Salvador continues to lead the way in embracing Bitcoin and blockchain technology. Some proponents speculate that these strategic
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