Bitinfocharts: El Salvador continued daily bitcoin buying amid crypto market slump

In March, President Nayib Bukele said El Salvador would continue to buy bitcoins every day "until VTS is no longer available for purchase with paper money". The country's authorities have decided to accumulate the government's bitcoin reserves on a special cold wallet in a physical storage facility within the country.

According to BitInfoCharts columnist, the El Salvador government-controlled cold wallet has accumulated 5,800 BTC (roughly $334 million in current prices) since mid-March.

At the same time, the government continued to work on a banking sector reform that will allow bitcoin and U.S. dollar transactions to begin. Earlier, El Salvadoran media reported that U.S. citizen Corbin Keegan, the self-proclaimed first resident of Bitcoin City in El Salvador, returned to the U.S. after more than two years of waiting for the fulfillment of Nayib Bukele's promises to build the city of the future.