El Salvador buys 11 BTC only a day after reaching a deal with IMF
El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
El Salvador bought $1 million worth of Bitcoin a day after striking a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the cryptocurrency.
The country’s National Bitcoin Office wrote in a Dec. 19 X post that it had “transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve,” with its website showing it had added 11 Bitcoin (BTC) to its holdings.
The move broke its streak of adding “one Bitcoin per day” that President Nayib Bukele announced in November 2022 and brought the country’s holdings to 5,980.77 BTC, worth about $580 million with BTC trading at around $97,000.
Go to Source
Author: Jesse Coghlan
