El Salvador Continues to Deepen Its Engagement with Bitcoin, Plans to Buy One BTC Every Day

El Salvador is deepening its engagement with the digital currency market, particularly bitcoin, by buying one bitcoin every day until it becomes unaffordable with fiat currencies. This has pushed the nation's bitcoin holdings to a total of 5,690 BTC, valued at approximately $400 million. In addition, El Salvador has eliminated income tax for international investments and money transfers to attract foreign investors and boost economic growth. The country has also transferred more than 5,000 BTC into a cold wallet, stored in a physical vault within the nation's territory, marking a significant step in El Salvador's financial strategy and signaling strong faith in the cryptocurrency's future.