On the 1st (local time), El Salvador announced its national Bitcoin strategic holding policy.
As part of his daily purchases, he has been purchasing 1 BTC every day, but on this day he reportedly purchased two Bitcoins, increasing his purchasing speed.
According to the government's Bitcoin holdings tracking system, El Salvador has
The total amount currently stands at 6,055 BTC, with over 50 BTC added in the past 30 days. El Salvador is using Bitcoin to secure a loan from the International Monetary Fund (IMF).
The move was met with mixed reactions within the cryptocurrency community, but El Salvador signed an agreement with the IMF to withdraw the law requiring it to accept cryptocurrencies as legal tender.
Since then, the country has continued to increase its Bitcoin holdings. Under a $1.4 billion agreement with the IMF, El Salvador has made BTC payments optional and has allowed Bitcoin in the public sector.
The agreement called for limiting interference in the cryptocurrency industry and privatizing Chivo, a government-run bitcoin wallet. El Salvador purchased an additional 11 BTC one day after the deal was signed.
On December 19, Stacy, director of the National Bitcoin Office of El Salvador,
Herbert said El Salvador could further increase the pace of bitcoin purchases.
The National Bitcoin Office also purchased an additional 12 BTC on January 19. After that, government officials spoke to the media.
In an interview, he said he plans to further expand Bitcoin purchases from 2025.
2025/02/03 16:29 KST
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