El Salvador made headlines in 2021 by becoming the first nation to officially embrace Bitcoin as legal tender, a move spearheaded by President Nayib Bukele. This groundbreaking decision has led to significant financial developments in the Central American country.

Yesterday, El Salvador unveiled a website dedicated to tracking its national Bitcoin treasury, signaling its commitment to transparency in Bitcoin transactions.

Hosted at bitcoin.gob.sv, the platform offers real-time updates on the country's Bitcoin reserves.

Using data from Bukele's tweets and blockchain records, the website reveals that El Salvador has accumulated over 5,748 BTC, valued at around $360 million.

These reserves have been built up since 2021 through daily purchases of 1 BTC, as well as larger acquisitions and eco-friendly mining powered by geothermal energy.

Previously, Bukele had shared a Bitcoin address to allow people to monitor the nation's holdings. The new website now validates this information and provides public verification of the reserves.

The launch of this platform marks a significant step towards financial transparency in government operations, utilizing Bitcoin's inherent traceability to set an example.

Despite fluctuations in the market, the country has already gained $57 million in unrealized profits, thanks to effective dollar-cost averaging.

El Salvador's Bitcoin treasury tracker promotes transparency and fosters confidence in its innovative Bitcoin strategy.

This bold move by El Salvador to embrace Bitcoin serves as a model for other nations. The website is expected to attract further Bitcoin investment and stimulate innovation within the country.