Author: Elena R
Elena R 
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
May 13, 2024 13:23
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
El Salvador publicly shares its Bitcoin holdings via a newly launched mempool, showcasing 5,748.76 BTC valued at over $352.8 million. The Bitcoin Office, managing the country’s BTC projects, announced the initiative on May 12. The additional purchase of 31 BTC in the previous month as a part of President Nayib Bukele’s Dollar Cost Averaging Strategy is also revealed by mempool. The move, welcomed by the crypto community, sheds light on the transparency in El Salvador’s BTC investments in spite of a modest rate of local adoption, dropping from 24.4% to 12%.