El Salvador In 2021, under the leadership if President Nayib Bukele. This decision was a game changer. financial The small Central American country is undergoing improvements.
Yesterday, El Salvador launched To further their commitment to Bitcoin Transparency, the company has created a website that tracks its Bitcoin national treasury.
JUST IN: 🇸🇻 El Salvador released a new website that tracks their #Bitcoin Treasury.
El Salvador wins🔥 pic.twitter.com/U7CktWSBet
— Bitcoin Magazine (@BitcoinMagazine) May 13, 2024
This platform is located at bitcoin.gob.svThis site gives real-time information on Bitcoin reserves in the United States.
The site uses public data from Bukele’s tweets, as well as blockchain data to show how much the country has amassed in BTC.
Since 2021, this stash has grown through the daily purchase of one BTC as well bulk purchases and geothermal mining.
Bukele previously released a Bitcoin Address for those who wanted to keep track of the country’s Bitcoin holdings. The new website verifies this data and makes it public. proof The Reserves
This platform marks a major milestone in the development of this technology. financial El Salvador is leading in the use of Bitcoin to increase transparency.
Even with short-term fluctuations the country is sitting on $57 Million in unrealized profit Effective dollar cost averaging.
El Salvador’s Bitcoin Treasury Tracker encourages transparency and confidence with its innovative Bitcoin strategy.
Other nations can learn from this experiment in economics and Bitcoin adoption. This website will also encourage further Bitcoin innovation and investment in El Salvador.
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Source: bitcoinmagazine.com