El Salvador takes advantage of the drop in bitcoin and buys 11 BTC
El Salvador surpasses 5,900 BTC in reserves, reaffirming its commitment to a long-term vision.
El Salvador strengthens its commitment to bitcoin through a new purchase
El Salvador has a treasury in BTC valued at over USD 580 million.
In this way, the country reaffirms its commitment and puts a stop to skeptical views.
This Thursday, December 19, El Salvador, under the government of Nayib Bukele, added 11 BTC to its treasury, reaffirming its long-term vision and dispelling the pessimistic speculations that arose after the agreement with the International Monetary Fund (IMF).
Max Keiser, a well-known advocate of bitcoin and American podcaster, recently turned to the social network X to reflect that El Salvador's commitment to the leading cryptocurrency remains strong.
At the time of writing this article, El Salvador's bitcoin reserve consists of over 5,900 BTC, valued at more than 500 million dollars. Through a post on X, Stacy Herbert shared more details about the credit that El Salvador will receive from the IMF. The director of the National Bitcoin Office detailed that, as part of the agreement with the international organization, both parties determined that bitcoin will remain legal tender and that the country will continue acquiring BTC for its strategic reserve, possibly at an accelerated pace.
In March, Bukele revealed the address of the wallet where El Salvador keeps its bitcoin reserve, showing that the country holds more BTC than many had estimated, as reported by CriptoNoticia11.
