El Salvador has taken advantage of declining Bitcoin prices, purchasing an additional 11 BTC for its national reserves. This acquisition follows a recent agreement with the IMF involving a $1.4 billion loan, which involved winding down certain Bitcoin-related initiatives and halting tax payments in BTC. Despite these changes, the government remains committed to increasing its Bitcoin reserves, which now hold a value approximating $600 million at current prices. The timing of this purchase coincides with a recovery in Bitcoin prices, which are approaching $100,000, coinciding with broader conversations regarding potential collaboration between the U.S. and El Salvador concerning Bitcoin. President Bukele's recent discussions with U.S. officials suggest growing interest in aligning strategic efforts relating to cryptocurrency. This move positions El Salvador beyond its previous policy of acquiring one Bitcoin per day, reflecting a proactive stance in an evolving crypto landscape.

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