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International Business Times

Business

Marvie Basilan

El Salvador Makes Good On Daily Bitcoin Buy Promise, Now Holds 5,700 BTC

Bitcoin Nayib Bukele El Salvador Bitfinex

President Nayib Bukele, made a Bitcoin promise, and so far in the past 11 days, El Salvador has followed through. (Credit: AFP)

KEY POINTS

The central American country now has 5,700 Bitcoin holdings
Nayib Bukele said El Salvador will buy 1 Bitcoin daily until it becomes "unaffordable with fiat currencies"
El Salvador was the world's first nation to recognize Bitcoin as legal tender

El Salvador has proven that it remains committed to its pledge of purchasing one Bitcoin daily as it now holds a little over 5,700 Bitcoins.

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