El Salvador Unveils Public Mempool and Exposes Strong Investments in Bitcoin

El Salvador recently unveiled a public mempool that offers transparent access to your Bitcoin investments. The Bitcoin Office, the government entity responsible for managing Bitcoin-related projects in the country, made the announcement via X (formerly Twitter) on May 12th.

“El Salvador now has its own mempool space where anyone can query our Bitcoin treasury assets,” Bitcoin Office announced. This tool will allow citizens and investors around the world to monitor the movements and status of the country’s Bitcoin reserves in real time.

The most recent data accessible through the mempool indicates that El Salvador holds a substantial amount of 5,748.76 BTC, which is equivalent to over US$352.8 million. These numbers are a testament to the country’s robust investment in cryptocurrency, following a policy of constant acquisition to strengthen its economic and monetary position.

El Salvador now has its own @mempool space where anyone can check out our #bitcoin treasury holdings.

See details in the next post. pic.twitter.com/PEpVemHoFO

— The Bitcoin Office (@bitcoinofficesv) May 12, 2024

Furthermore, the government of El Salvador recently acquired an additional 31 BTC, following the Dollar Cost Averaging (DCA) strategy. This investment technique was highlighted by President Nayib Bukele in November 2022, who promised to acquire 1 BTC per day “until Bitcoin becomes inaccessible with fiat currencies.” This plan aims to not only increase the country’s cryptocurrency reserves but also stabilize the domestic market in the face of global market fluctuations.

The development and implementation of the public mempool is part of a broader effort to solidify El Salvador’s position as a leader in financial and technological innovation in Latin America. The country continues to adopt strategies that promote the use of cryptocurrencies, aiming for greater economic integration and better financial infrastructure.

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