El Salvador Buys 21 BTC Despite IMF Restrictions

El Salvador Buys 21 BTC Despite IMF Restrictions
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El Salvador has marked the fourth anniversary of its Bitcoin legal tender law by purchasing 21 BTC, symbolically referencing Bitcoin’s 21 million supply cap. This move comes despite restrictions imposed by the International Monetary Fund following a $1.4 billion loan agreement. President Nayib Bukele confirmed the purchase, bringing the country’s total Bitcoin reserves to 6,313 BTC valued at over $702 million.

  • El Salvador's Bitcoin reserves now total 6,313 BTC valued at over $702 million despite IMF restrictions
  • The country has certified 80,000 public servants in Bitcoin literacy and launched development programs for BTC and Lightning Network technologies
  • Despite IMF requirements to make BTC acquisitions voluntary, El Salvador maintains a daily purchase strategy of one BTC since March 2024
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