El Salvador, the first nation to adopt Bitcoin as legal tender, has launched its platform granting public access to BTC investment data through a personalized mempool. According to the latest information from the mempool, El Salvador’s BTC holdings stand at 5,748.76, which equates to a value exceeding $352.8 million.
This step by El Salvador marks a significant move towards financial transparency in government operations and affirms the concept of an immutable public ledger, championed by Bitcoin and cryptocurrency enthusia
On May 12, the Bitcoin Office, a government agency in El Salvador that manages all Bitcoin-related initiatives, announced a new feature through their official X account.
The Bitcoin Office highlighted, “El Salvador has introduced its dedicated mempool area, allowing anyone to access our Bitcoin treasury holdings.”
El Salvador has been reinforcing its commitment to Bitcoin since it became legal tender in 2021. In addition to monitoring its holdings, the most recent mempool data indicates that the government procured an extra 31 BTC within the last month. This purchase aligns with President Nayib Bukele’s Dollar Cost Averaging (DCA) strategy, introduced in November 2022. As reported by Crypto.news earlier, Bukele pledged that his administration would procure one bitcoin daily “until Bitcoin became unaffordable with fiat currencies.”
The nation’s dedication to its Bitcoin holdings was further underscored by the transfer of over 5,600 Bitcoin to a cold wallet, known for its enhanced security in the crypto sphere.
Simultaneously, the crypto community has applauded El Salvador’s mempool on X, celebrating the transparency regarding the nation’s Bitcoin holdings. Criptolawyer, a well-known personality in the Latin American crypto sector and the creator of Bitcoin legal advisory and consultancy firm Legalrocks, voiced her backing.
“The Government of El Salvador publishes its BTC holdings so that anyone worldwide can audit their Bitcoin reserves in real-time,” noted Criptolawyer.
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