El Salvador increased daily bitcoin purchases 11 times in two days, and BTC reserves surpass $574000000 - The Daily Hodl
the Salvadoran government last week increased daily #bitcoin purchases 11 times. In two separate purchases, it increased its daily bitcoin (BTC) purchases 11 times.
the Central American country began buying 1 #BTC each day in November 2022, shortly after the collapse of #cryptocurrency exchange FTX.
According to cryptocurrency platform Arkham, El Salvador
According to BTC proponent Max Kaiser, who is a senior bitcoin advisor to El Salvador's president Naibe Bouquere, Bouquere is in the process of acquiring another 20
additional purchases occurred shortly after El Salvador received a $1.4 billion loan from the International Monetary Fund (IMF). The IMF loan amounted to $8 billion, but a press release from the UN financial institution claims that the Salvadoran government agreed to limit its commitments to cryptocurrencies as part of the agreement.
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