El Salvador buys another 12 Bitcoin for country’s reserve despite IMF deal
El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day.
El Salvador has bought 12 Bitcoin for its reserve in the past day, despite an earlier deal with the International Monetary Fund to dial back some of the country’s crypto policies.
In a Jan. 19 X post, the country’s National Bitcoin Office said it bought another 11 Bitcoin (BTC) for its Strategic Bitcoin Reserve worth over $1 million. It also purchased 1 Bitcoin on Jan. 20 for $106,000.
The Bitcoin Office’s portfolio tracker shows El Salvador’s holdings stand at 6,044 BTC, worth nearly $610 million with the cryptocurrency trading at around $101,000, according to CoinGecko.
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Author: Stephen Katte
