El Salvador Buys 11BTC a Day After IMF Loan Agreement

Source
YM Lee

Summary

  • El Salvador reportedly purchased an additional 11BTC despite signing a bailout loan agreement with the IMF.
  • The Bitcoin Office stated that this purchase of 11BTC is a strategic Bitcoin reserve worth $1 million.
  • El Salvador's current Bitcoin holdings are 5,980.77BTC, amounting to approximately $580 million.

Despite El Salvador signing a bailout loan agreement with the International Monetary Fund (IMF) under the condition of reducing Bitcoin-related policies, it has been revealed that they purchased an additional 11BTC just a day later.

According to a report by Cointelegraph on the 20th (local time), the Bitcoin Office of El Salvador announced on their official X (Twitter) that they have strategically secured an additional Bitcoin reserve worth $1 million (approximately 11BTC).

Currently, El Salvador's Bitcoin holdings amount to 5,980.77BTC, valued at approximately $580 million.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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