Key facts
- El Salvador adopted Bitcoin as legal tender five years ago.
- The country currently holds 7,677 BTC.
- The value of El Salvador's Bitcoin holdings is approximately $480 million.
- El Salvador's Congress voted to pass the Bitcoin Law on June 8, 2021.
Five years ago, El Salvador made history by enacting the 'Bitcoin Law,' which established Bitcoin as legal tender within the country. This landmark decision positioned El Salvador as the first nation to adopt the cryptocurrency in such a capacity. Today, the nation's holdings of Bitcoin have grown to 7,677 BTC, a significant accumulation now valued at approximately $480 million. The country's Congress voted 62-to-22 on June 8, 2021, to pass the legislation.