Main meals
- El Salvador stopped the daily bitcoin purchases, according to the data on the series.
- The International Monetary Fund Agreement requires El Salvador to expand Bitcoin initiatives and make acceptance voluntary for companies.
Share this article
It seems that the daily bitcoin purchase strategy of El Salvador has stopped temporarily, with the latest registered purchase of the nation’s portfolio, according to Arkham Intelligence, which occurred on February 18. This nation comes recently content A $ 1.4 billion loan agreement with the International Monetary Fund (International Monetary Fund).
Central America currently has more than 6000 Bitcoin, which is worth about $ 586 million at the current market prices. President Nayb Bokil had previously implemented a strategy to buy Bitcoin daily, which started in November 2022.
In March 2024, Bukele moved Bitcoin’s bodies in the country, then approximately 5600 Bitcoin worth more than $ 400 million, to a cold wallet, called “First Bitcoin Piggy”. This was the first general disclosure of the Bitcoin portfolio in the country, where he left his previous practice of announcing purchases only through social media.
The International Monetary Fund agreement, which has been organized over 40 months under the Fund’s Fund, follows four years of negotiations and requires El Salvador to amend its bitcoin policies.
The deal is expected to attract additional financial support, which may reach more than $ 3.5 billion during the program.
As part of the agreement, Al -Salvador adhered to expand its Bitcoin initiatives, including making bitcoin acceptance voluntarily for private sector companies. The country’s legislative body approved amendments to Bitcoin Law in late January 2025 to agree with these requirements.
El Salvador made additional purchases in Bitcoin on several occasions, as it was burned from the usual “Bitcoin A Day” policy.
Last December, shortly after securing the financing deal with the International Monetary Fund, El Salvador added a million dollars from Bitcoin to its strategic reserves in one purchase.
Likewise, on February 4, El Salvador acquired 11 BTC in one day, with a value of more than a million dollars.
Share this article
