El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
El Salvador added $1 million worth of Bitcoin in a single day — only 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 added 11 Bitcoin (BTC) to its holdings.
The move breaks its long-running streak of adding “one Bitcoin per day,” which President Nayib Bukele announced in November 2022 and brings the country’s holdings to 5,980.77 BTC, worth around $580 million, with BTC trading at around $97,000.
