{"id":1677,"date":"2024-05-15T04:00:38","date_gmt":"2024-05-15T04:00:38","guid":{"rendered":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/"},"modified":"2024-05-15T04:00:38","modified_gmt":"2024-05-15T04:00:38","slug":"el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/","title":{"rendered":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition"},"content":{"rendered":"<p>El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-14\/el-salvador-says-its-bitcoin-holdings-are-now-worth-350-million\" target=\"_blank\" rel=\"noopener\">according <\/a>to Bloomberg.\u00a0<\/p>\n<p>This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the <a href=\"https:\/\/bitcoinist.com\/el-salvador-moves-over-5000-bitcoin-to-vault\/\" target=\"_blank\" rel=\"noopener\">treasury\u2019s BTC holdings<\/a>.<\/p>\n<h2>El Salvador\u2019s Bitcoin Adoption Amid Criticism<\/h2>\n<p>The Central American nation, under the leadership of President <a href=\"https:\/\/bitcoinist.com\/country-el-salvador-buying-bitcoin-btc\/\" target=\"_blank\" rel=\"noopener\">Nayib Bukele<\/a>, made history in 2021 by becoming the first country in the world to adopt Bitcoin as legal tender.\u00a0<\/p>\n<p>However, this move has faced criticism from international entities such as the International Monetary Fund (IMF), which expressed concerns about potential risks to financial stability.<\/p>\n<p>Bukele, undeterred by the criticism, initiated the purchase of Bitcoin using <a href=\"https:\/\/bitcoinist.com\/bitcoin-education-initiative-launched-el-salvador\/\" target=\"_blank\" rel=\"noopener\">public funds<\/a> last year. In a strategic move to mitigate security risks, a significant portion of the country\u2019s Bitcoin holdings has been relocated to a cold wallet, minimizing the vulnerability to hacking attempts and ensuring the safety of the nation\u2019s digital assets.<\/p>\n<h2>IMF Independence Looms?<\/h2>\n<p>Venture capitalist Tim Draper, renowned for his investments in the crypto space, recently shared his insights on El Salvador\u2019s pioneering position in an interview on the Web3 Deep Dive channel.\u00a0<\/p>\n<p>Draper <a href=\"https:\/\/bitcoinist.com\/el-salvadors-bitcoin-dream-pays-off-83m-in-profit\/\" target=\"_blank\" rel=\"noopener\">expressed <\/a>his positive outlook, suggesting that if Bitcoin\u2019s price were to reach $100,000, El Salvador would be capable of repaying its debts to the International Monetary Fund (IMF) and potentially severing ties with the organization indefinitely.\u00a0<\/p>\n<p>The venture capitalist further speculated that the nation could emerge as one of the \u201cmost attractive destinations worldwide\u201d due to its forward-thinking approach to <a href=\"https:\/\/bitcoinist.com\/el-salvador-bukele-bitcoin-plans-sunday-vote\/\" target=\"_blank\" rel=\"noopener\">adopting cryptocurrencies<\/a>.<\/p>\n<p>Draper also addressed the resistance countries and individuals who are hesitant to embrace crypto face. He attributed this reluctance to a desire for control and an aversion to change.\u00a0<\/p>\n<p>Taking a subtle swipe at the United States, the VC billionaire emphasized that El Salvador\u2019s commitment to innovation and pioneering spirit sets it apart, positioning it as a beacon of progress in the global landscape.<\/p>\n<p>The leading cryptocurrency is currently struggling to establish a sustained position above the crucial $64,000 resistance level. This level holds significant importance as it directly influences Bitcoin\u2019s potential for further upward momentum and a potential retesting of its previous all-time high (ATH) of $73,700, achieved on March 14.\u00a0<\/p>\n<p>The forthcoming months will shed light on the impact that the approval of exchange-traded fund (ETF) markets in Hong Kong and the United States will have on Bitcoin\u2019s price, particularly with the growing recognition and interest from institutional investors.\u00a0<\/p>\n<p>Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg.\u00a0 This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury\u2019s BTC [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[140,139,138],"class_list":["post-1677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-btcacquisition","tag-cryptotreasury","tag-elsalvadorbitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg.\u00a0 This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury\u2019s BTC [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/en\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-15T04:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"389\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition\",\"datePublished\":\"2024-05-15T04:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/\"},\"wordCount\":437,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_download-1-8-qwIOkt.jpeg\",\"keywords\":[\"#BTCacquisition\",\"#CryptoTreasury\",\"#ElSalvadorBitcoin\"],\"articleSection\":[\"Feeds\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/\",\"name\":\"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_download-1-8-qwIOkt.jpeg\",\"datePublished\":\"2024-05-15T04:00:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_download-1-8-qwIOkt.jpeg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_download-1-8-qwIOkt.jpeg\",\"width\":389,\"height\":260},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/en\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in","og_description":"El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg.\u00a0 This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury\u2019s BTC [&hellip;]","og_url":"https:\/\/cryptd.in\/en\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/","og_site_name":"cryptd.in","article_published_time":"2024-05-15T04:00:38+00:00","og_image":[{"width":389,"height":260,"url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#article","isPartOf":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/"},"author":{"name":"","@id":""},"headline":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition","datePublished":"2024-05-15T04:00:38+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/"},"wordCount":437,"commentCount":0,"publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"image":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg","keywords":["#BTCacquisition","#CryptoTreasury","#ElSalvadorBitcoin"],"articleSection":["Feeds"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/","url":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/","name":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition - cryptd.in","isPartOf":{"@id":"https:\/\/cryptd.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg","datePublished":"2024-05-15T04:00:38+00:00","breadcrumb":{"@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#primaryimage","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_download-1-8-qwIOkt.jpeg","width":389,"height":260},{"@type":"BreadcrumbList","@id":"https:\/\/cryptd.in\/el-salvadors-bitcoin-treasury-surpasses-350-million-with-5750-btc-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptd.in\/"},{"@type":"ListItem","position":2,"name":"El Salvador\u2019s Bitcoin Treasury Surpasses $350 Million With 5,750 BTC Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/cryptd.in\/#website","url":"https:\/\/cryptd.in\/","name":"cryptd.in","description":"Alternative LinkedIn for Crypto-friendly Talents","publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptd.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptd.in\/#organization","name":"cryptd.in","url":"https:\/\/cryptd.in\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","width":900,"height":900,"caption":"cryptd.in"},"image":{"@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/posts\/1677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/comments?post=1677"}],"version-history":[{"count":0,"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/posts\/1677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/media\/1678"}],"wp:attachment":[{"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/media?parent=1677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/categories?post=1677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptd.in\/en\/wp-json\/wp\/v2\/tags?post=1677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}