The government of El Salvador, under President Nayib Bukele, has continued its daily Bitcoin purchases, accumulating a total of $359.58 million in BTC. This consistent acquisition aligns with the country’s ambitious goal of receiving 1 Bitcoin per day.
Since late 2022, El Salvador has been diligently purchasing Bitcoin and has been transparently recording these transactions on-chain since March of this year.
In a recent interview with Time magazine, President Bukele reflected on El Salvador’s pioneering decision to adopt Bitcoin as legal tender in 2021. While acknowledging the innovative nature of the move, he admitted that widespread adoption has not materialized to the extent initially anticipated.
“There’s definitely more that can be done,” Bukele stated, acknowledging the challenges while maintaining a positive outlook.
