According to on-chain data, about half an hour ago, an El Salvador wallet address added approximately 11 BTC (worth $1.06 million) to its strategic Bitcoin reserves.
Earlier reports indicated that El Salvador plans to accelerate its Bitcoin purchases for strategic reserves. The country's official Bitcoin wallet, Chivo, will be either sold or discontinued due to a $1.4 billion loan agreement with the IMF, and Bitcoin payments will become voluntary.
