El Salvador adopts BTC as legal tender for three years, current profit is $31 million

BlockBeats news, September 7, today is the third anniversary of El Salvador's adoption of BTC as legal tender. Three years ago, on September 7, 2021, Bitcoin became El Salvador's legal tender. The country's goal is to promote financial inclusion, promote more efficient remittance payments, and attract financial innovation. "President Bukele's decision to adopt Bitcoin makes the country a historic pioneer in crypto assets."

El Salvador has been buying Bitcoin at the dollar-cost averaging method since 2021, buying 1 per day, and purchasing its current holdings at an average cost price of $43,877 per Bitcoin. According to data from the El Salvador Ministry of Finance website, the country currently holds a total of 5,865 Bitcoins, worth more than $318 million, with a profit of $31 million.