El Salvador purchases 2 additional BTC in a single day
On February 1, El Salvador added two more Bitcoin (BTC) to its national reserve, typically buying one BTC daily as part of its strategic asset initiative. This increased pace of acquisition has led to a total of 6,055 BTC, valued over $612 million, with more than 50 BTC purchased in the last month alone. Despite an agreement with the International Monetary Fund (IMF) that stipulates limitations on public sector involvement in Bitcoin, the country continues to bolster its BTC holdings, follow its currency strategy, and potentially expand its Bitcoin purchases in 2025. El Salvador's strategy is considered a case study in national Bitcoin adoption, garnering praise from Bitcoin enthusiasts and attracting attention from major crypto firms like Fidelity Digital Assets, which predicts increasing adoption of Bitcoin by larger nations as the risks of not holding BTC become clearer.
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