El Salvador, the first country in the world to legalize Bitcoin as legal tender in September, is still adding to its crypto-treasury.
The country has purchased a new lot of 420 Bitcoins earlier this week, Salvadorian President Nayib Bukele revealed on Twitter. El Salvador has spent around $25 million for this purchase that was made when Bitcoin prices have been skyrocketing. Currently, Bitcoin is trading at $62,953 per token.
Bukele took to Twitter to share the news with his three million followers on the platform.
With this new lot of Bitcoin, El Salvador now holds 1,120 tokens worth around $66 million.
The central American country is rallying in terms of Bitcoin adoption.
Several Bitcoin ATMs have been installed in the country for instance, which allow people to transact in the cryptocurrency or convert it to fiat.Salvadorians are also beginning to mine Bitcoins using volcanic geothermal energy to reduce the carbon footprint of the process.
Bukele had also recently revealed that more US dollars are being poured in to be exchanged for Bitcoin in the country.
Indicating the success of legalizing Bitcoin payments, Bukele’s tweet highlighted it was “wild” that 2.1 million El Salvador citizens are “actively using” the Chivo wallet that was launched just three months ago in June.
2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads).
Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El Salvador and is moving fast to have more users that ALL BANKS IN EL SALVADOR combined.