Bitcoin
El Salvador launches transparent Bitcoin investment data platform
El Salvadorthe first country in the world to use Bitcoin as legal tender, has launched its own platform that provides public access to BTC investment data through a custom mempool.
According to the latest mempool data, El Salvador currently holds 5,748.76 BTC, worth over $352.8 million.
El Salvador’s latest measure sets a new benchmark for financial transparency in government operations. It also validated the much-publicized concept of an immutable public ledger, which has long been championed by Bitcoin and cryptocurrency aficionados.
On May 12, the Bitcoin Office, a Salvadoran government agency responsible for overseeing all BTC-related projects, announced this new feature through your official X account.
“El Salvador now has its own mempool space where anyone can query our Bitcoin treasury assets,” Bitcoin Office noted.
El Salvador has been doubling down on Bitcoin since it became legal tender in 2021. In addition to tracking holdings, El Salvador’s mempool data shows that the government purchased an additional 31 BTC in the last month.
The purchase is part of President Nayib Bukele’s plan Dollar Cost Averaging (DCA), which was announced in November 2022. As previously reported by Crypto.news, Bukele promised that his government would buy one bitcoin per day “until Bitcoin becomes inaccessible with fiat currencies.”
The country’s commitment to its Bitcoin holdings was further demonstrated through the transfer of more than 5,600 Bitcoin to a cold walletwhich is considered a safer storage alternative in space.
Meanwhile, the crypto community also turned to X to welcome El Salvador to the mempool. They appreciated the transparency of El Salvador’s Bitcoin holdings. Criptolawyer, a well-known personality in the Latin American crypto community and founder of the legal consultancy and Bitcoin consultancy Legalrocks, expressed his support.
“The government of El Salvador publishes its BTC holdings so that anyone in the world, at any time, can audit their Bitcoin holdings in real time,” he said Cryptolawyer.