Summary
- El Salvador announced it has purchased one more Bitcoin, surpassing a total holding of 6,300.
- The El Salvadoran government continues its Bitcoin acquisitions through private entities, despite the IMF's condition restricting Bitcoin purchases.
- The media outlet stated that this Bitcoin purchase strategy demonstrates the nation's leadership in digital asset adoption.
El Salvador has added one more Bitcoin to its strategic reserves. The aggressive cryptocurrency policy of President Nayib Bukele's administration continues.
According to CoinReporter on the 19th (local time), the National Bitcoin Office of El Salvador announced the purchase of an additional Bitcoin. This acquisition has pushed El Salvador's Bitcoin holdings above 6,300, which amounts to approximately $650 million (USD) at current market value.
Since adopting Bitcoin as legal tender in 2021, El Salvador has consistently purchased one Bitcoin per day since November 2022. In 2024, although restrictions were placed on public sector Bitcoin purchases as a $1.4 billion bailout condition from the International Monetary Fund (IMF), El Salvador continues its purchases through private institutions.
The outlet remarked, "El Salvador's unwavering Bitcoin acquisitions demonstrate the nation's ambition to maintain its position as a global leader in cryptocurrency adoption."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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