After the IMF agreement, El Salvador set out to grow its Bitcoin-specific goals.
El Salvador, which recently agreed with the IMF on certain limits and restrictions and promised to structure its Bitcoin operations, did not hesitate to expand its goals.
According to Bitcoin Magazine, Max Keiser, senior Bitcoin advisor to El Salvador President Nayib Bukele, revealed that President Bukele has increased his daily Bitcoin purchases. Bukele’s medium-term goal is to increase purchases in the coming period and add another 20,000 Bitcoins to the country’s reserves.
Recent Bitcoin purchases draw attention
According to Lookonchain data, El Salvador purchased an additional 11 BTC (about $1.06 million) today, bringing its total Bitcoin reserves to 5,994 BTC. The total value of the country’s current reserves exceeds $580 million.
Last week, the government of El Salvador accelerated its Bitcoin accumulation by purchasing 29 BTC (approximately $2.84 million). With these purchases, the total Bitcoin reserves reached 5,995 BTC ($562 million).
The move by the El Salvador government is being watched closely in cryptocurrency markets. The country’s Bitcoin strategy is seen as both an alternative roadmap in the global economic system and part of its efforts to build a long-term crypto economy.
President Bukele's belief in Bitcoin and his investment strategies continue to attract great attention in the markets.
El Salvador is the first country to accept Bitcoin as its official currency and aims to set an example for other countries with the bold steps it has taken in this direction.
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