CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-03-04 21:37:28

El Salvador adds 1 BTC to reserve amid IMF deal

El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele ‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. 🇸🇻El Salvador buys another bitcoin for strategic reserve. pic.twitter.com/pyWepGk8bL — The Bitcoin Office (@bitcoinofficesv) March 4, 2025 This move aligns with El Salvador ’s “1 BTC a day” accumulation strategy, aimed at economic diversification and serving as a hedge against traditional financial systems. The purchase also signals the government’s continued confidence in Bitcoin ( BTC ), despite recent market volatility. “It’s not stopping,” President Bukele commented on X following the acquisition. You might also like: Bukele on Bitcoin: ‘It gave us branding, investment, and tourism’ El Salvador’s bitcoin strategy amid IMF deal This latest purchase of Bitcoin comes as El Salvador adjusts its Bitcoin policies to align with a $1.4 billion loan agreement with the International Monetary Fund. Recently, the country modified its Bitcoin law, making the cryptocurrency’s use voluntary rather than mandatory. The adjustment was part of efforts to secure IMF support and maintain fiscal stability in the eyes of international lenders. Despite the policy changes, El Salvador continues to bolster its Bitcoin reserves as a key part of its long-term economic strategy. As of March 4, the country has added 46 BTC in the past 30 days, worth approximately $3.97 million, data from the National Bitcoin Office chart shows. This underscores El Salvador’s belief in the potential of Bitcoin to become a store of value and a driver of economic growth. The country’s Bitcoin City project , which won global recognition in 2023, is aimed at creating a hub for cryptocurrency innovation and continues to implement measures to make the country more Bitcoin-friendly. You might also like: Bhutan’s new administration region to hold BTC, ETH, BNB as part of

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta