“The bitcoin-friendly nation’s central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million.”, — write: www.coindesk.com
- El Salvador’s central bank added $50 million of gold to its reserves on Thursday.
- The country also made its usual purchase of 1 bitcoin, bringing the government’s holdings to 7,547 coins, worth $635 million.
The purchase — 9,298 troy ounces — brings the country’s total gold holdings to 67,403 ounces, valued at roughly $360 million at current prices
President Nayib Bukele reposted the announcement, writing, “We just bought the other dip.” Whether Bukele was applauding the gold purchase or cheekily announcing the government’s own bitcoin purchase was not clear. Arkham data did show the country adding one bitcoin to its holdings on Thursday, in line with Bukele’s ongoing pledge for his government to buy one bitcoin per day.
The country’s stack, according to Arkham, now stands at 7,547 bitcoins worth $635 million at bitcoin’s currently depressed price just above $84,000.
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With Commodity Futures Trading Commission head Mike Selig new in the role, the agencies held a “harmonization” event to show they’re side-by-side.
- New CFTC Chairman Mike Selig revealed an ambitious crypto agenda as he and SEC Chairman Paul Atkins held a “harmonization” event to demonstrate a united effort on digital assets.
- Selig said he’d pursue a number of CFTC policies, including on crypto definitions, tokenized collateral and prediction markets.
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