El Salvador adds 1 BTC to reserve amid IMF deal
El Salvador has increased its Bitcoin reserves, purchasing 1 additional BTC and bringing its total assets to 6,101.18 BTC, valued at around $ 527 million.
This last acquisition strengthens the president Nayib Bukeleomnimination to strengthen the country’s bitcoin strategy. The El Salvador National Bitcoin Office confirmed the purchase on March 4 in a position on X.
This movement aligns with El SalvadorThe “1 BTC per day” accumulation strategy of “1 BTC”, aimed at economic diversification and serving as coverage against traditional financial systems. The purchase also signals the continuous confidence of the government in Bitcoin (BTC), despite the recent market volatility.
“It does not stop,” said President Bukele on X after the acquisition.
El Salvador’s Bitcoin Strategy in the middle of the IMF agreement
This last purchase of Bitcoin came like El Salvador Adjusts its Bitcoin policies To align with a loan agreement of $ 1.4 billion with the International Monetary Fund. Recently, the country has changed its Bitcoin law, making the use of the voluntary rather than compulsory cryptocurrency. The adjustment was part of the efforts to ensure the support of the IMF and maintain budgetary stability in the eyes of international lenders.
Despite the policy changes, El Salvador continues to strengthen his Bitcoin reserves as a key element in his long -term economic strategy. Since March 4, the The country added 46 BTC In the past 30 days, worth around $ 3.97 million, data from the National Bitcoin Office Chart show. This underlines the belief of El Salvador in the potential of Bitcoin to become a value store and an engine of economic growth.
The country Bitcoin City Projectwon global recognition In 2023, aims to create a hub for cryptocurrency innovation and continued to implement measures to make the country more suitable for bitcoins.
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