El Salvador, under the leadership of President Nayib Bukele, has embarked on a significant Bitcoin acquisition strategy, revealing the country received 4,560 bitcoins from Bitfinex, amounting to a value of 406M. In a move to secure its digital assets, a considerable portion of its Bitcoin holdings, with 20% from Chivo Wallet and 80% from Bitfinex, has been transferred to a cold wallet, dubbed by President Bukele as the nation's first 'Bitcoin Piggy Bank'. This strategic decision is part of El Salvador's broader plan to buy one Bitcoin daily 'until Bitcoin becomes unaffordable with fiat currencies', according to Bukele. This approach signifies a robust confidence in the cryptocurrency's future value and positions El Salvador as a pioneering nation in the adoption and integration of Bitcoin into its financial strategy.
#ElSalvador Will Keep Buying 1 $BTC Daily Until #Bitcoin Becomes Unaffordable With Fiat Currencies, Says President Bukele https://t.co/zCf20TH8L5
Wait... was El Salvador keeping 406M worth of BTC in a HOT WALLET? Or a CEX? Imagine a country getting phished 🤣 https://t.co/Fwg6SyDHbr
Solo un 20 % del bitcóin que Bukele anunció que almacenará en "bóveda" salió de Chivo Wallet, el restante 80 % fue transferido desde una billetera de Bitfinex https://t.co/gblmdvpyPD
Is the next #Bitcoin buyer a Sovereign Wealth Fund? https://t.co/iB6kurGknJ
El Salvador buying 1 $BTC every day going forward and you dimwits keep selling 😂 https://t.co/7hbugUGGKs
#ElSalvador has transferred “a big chunk” of its #bitcoin holdings to a cold wallet, President Nayib #Bukele has announced. https://t.co/gM3VA3t6OA
NEWS: The president of El Salvador @nayibbukele says they plan to buy one $BTC a day "until Bitcoin becomes unaffordable with fiat currencies". https://t.co/4qr9T3tnTh
#ElSalvador Moves 'Big Chunk' of Its $BTC to Cold Wallet — President #Bukele Says 'Call It Our First #Bitcoin Piggy Bank' https://t.co/gM3VA3t6OA
If El Salvador bought more $BTC and it’s big news, imagine what will happen when US, Germany or Japan will announce the same thing 🚀 #BITCOIN
🚨 'Mr. 100', a mystery #Bitcoin whale, having bought 100 #BTC regularly since the #FTX collapse. "What I do know is that this is NOT one of the U.S. #ETFs..." said @HODL15Capital. Who do you think it could be? 💭💰 https://t.co/XkS1JR1rH0
Nayib Bukele reveals El Salvador received 4,560 bitcoins from Bitfinex https://t.co/MvVKEZnXWn