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Bit360

06/29 10:19

El Salvador Buys Another Bitcoin for Strategic

El Salvador Buys Another Bitcoin for Strategic Reservee5c6c32b43aa45578401982599d1e18b.jpeg

El Salvador has once again added Bitcoin to its sovereign Bitcoin reserve, marking another step in its ongoing strategy of accumulation. The latest purchase—another single BTC—brings the nation’s total holdings to more than 6,100 coins. This consistent acquisition pattern underlines President Nayib Bukele’s long-term vision to integrate Bitcoin into the national economic framework, regardless of global market conditions or external pressures.


Buying Amid IMF Agreement

Earlier this year, El Salvador entered into an agreement with the International Monetary Fund (IMF), which included provisions such as limiting Bitcoin acquisitions and removing its mandatory usage in public transactions. Despite this, the government continues its weekly purchases. In the past month, it acquired around 30 BTC. President Bukele has made it clear: the strategy will not stop. According to him, if Bitcoin accumulation continued during global criticism and financial skepticism, it will certainly continue now.

Why It Matters:-

Long-term commitment – Even after Bitcoin lost its legal tender status earlier this year, the nation’s purchases highlight an enduring belief in its value.

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