El Salvador purchases 2 additional BTC in a single day
The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit.
El Salvador purchased two additional Bitcoin (BTC) on Feb. 1. The country typically acquires one Bitcoin per day as part of its Bitcoin strategic reserve initiative but has been purchasing BTC at an accelerated pace.
According to the government’s Bitcoin tracker, El Salvador currently has a total of 6,055 BTC, valued at over $612 million, and purchased over 50 BTC in the last 30 days alone.
The country recently rescinded its legal tender law requiring businesses to accept BTC as payment to secure a loan from the International Monetary Fund (IMF).
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Author: Vince Quill
