El Salvador stacks 7 Bitcoin in last week, despite IMF deal

The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement. According to data from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million. El Salvador's Bitcoin Office has continued its steady pace of Bitcoin acquisitions months after the IMF agreement was signed and shows no sign of halting its Bitcoin purchases. The Central American country is one of the only nations actively purchasing Bitcoin in open market operations, and its national Bitcoin treasury strategy will serve as a blueprint for other countries also considering Bitcoin strategic reserves, according to crypto industry executives source: https://cointelegraph.com/news/el-salvador-stacks-7-bitcoin-week-despite-imf-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound