El Salvador acquired over 13 BTC since March 1, despite IMF deal
President Nayib Bukele shows no sign of abandoning the BTC treasury strategy as Bitcoin continues to gain international legitimacy.
El Salvador acquired 13 Bitcoin (BTC) since March 1, despite International Monetary Fund (IMF) pressure on the country’s public sector to stop accumulating the decentralized store of value asset.
According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury holds a total of over 6,105 BTC, valued at more than $527 million at current prices.
The Central American country typically acquires BTC at a steady pace of 1 coin every 24 hours. However, on March 3, El Salvador purchased 5 BTC in a single day.
Read more
