On-chain data shows that at 8:07 AM Beijing time, a Salvadoran wallet address purchased 11 bitcoins worth 1.07 million USD for its strategic bitcoin reserves.

According to yesterday's report, the Salvadoran government will accelerate the purchase of bitcoin as a strategic reserve, and the official bitcoin wallet Chivo will be sold or discontinued due to a $1.4 billion loan agreement with the IMF, with bitcoin payments becoming voluntary.