El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This is occurring against a backdrop of increased pressure from the International Monetary Fund (IMF) to stop its BTC accumulation strategy. El Salvador Remains Committed to Strategy The National Bitcoin Office announced the development...Read More
El Salvador has expanded its Bitcoin reserves by purchasing an additional 11 BTC on February 4. The move is part of President Nayib Bukele’s ongoing strategy to accumulate the cryptocurrency, particularly during market downturns. Bitcoin Purchases According to the Nayib Bukele Portfolio Tracker, the latest acquisition brings El Salvador’s total holdings to 6,067.18 BTC, valued...Read More
After agreeing to curtail its ambitious Bitcoin initiatives, El Salvador has reached a $1.4 billion loan arrangement with the International Monetary Fund (IMF). The agreement, which needs the approval of the IMF Executive Board, aims to support El Salvador’s reform agenda, boost fiscal and external sustainability, and create conditions for stronger, inclusive growth. IMF Loan...Read More
After Bitcoin (BTC) recently went past the $100,000 milestone, El Salvador President Nayib Bukele took to social media to bask in the glory of a gamble his country made in 2021. Then, the small Central American nation gave the cryptocurrency legal tender status and established a treasury that now holds almost six thousand BTC. When...Read More
