El Salvador Expands Bitcoin Reserve Amid Policy Adjustments
- El Salvador purchased an additional 11 Bitcoin, valued at approximately $1.1 million.
- The country’s total Bitcoin reserve now stands at 6,067 BTC.
- The purchase follows El Salvador’s agreement to modify some pro-Bitcoin policies for a $1.4 billion IMF loan.
- Bitcoin remains a voluntary legal tender in El Salvador despite policy changes.
- El Salvador’s Bitcoin stockpile is currently worth around $600 million.
El Salvador has increased its Bitcoin holdings to 6,067 BTC by purchasing an additional 11 BTC for about $1.1 million, even as it modifies certain policies to secure an IMF loan.
Source (2.6)https://decrypt.co/304336/el-salvador-buys-the-bitcoin-dip?rand=52368
