El Salvador has continued to acquire Bitcoin despite pressure from the International Monetary Fund (IMF) to stop. Since March 1, the country purchased 13 more Bitcoins, bringing its total holdings to over 6,105 BTC, worth more than $527 million. Although the government made an agreement with the IMF in December 2024 that included ending Bitcoin’s ...
El Salvador has recently purchased an additional 5 Bitcoin for about $415,000 as the cryptocurrency dropped to around $83,000. This purchase boosts the country’s total Bitcoin holdings to 6,100, valued at roughly $510 million. The acquisition comes shortly after the International Monetary Fund approved a $1.4 billion loan to El Salvador, which stipulates that the ...
El Salvador has halted its daily Bitcoin purchases, with the last recorded buy on February 17. This pause follows the country’s recent $1.4 billion loan agreement with the International Monetary Fund (IMF), which requires El Salvador to scale back its Bitcoin initiatives and make acceptance voluntary for businesses. Currently, the nation holds over 6,000 Bitcoin, ...
El Salvador has stopped its daily Bitcoin purchases, with the last recorded buy on February 17. This pause comes after the country secured a $1.4 billion loan deal with the International Monetary Fund (IMF). As part of the agreement, El Salvador is required to reduce its Bitcoin activities, making the acceptance of Bitcoin optional for ...
El Salvador made history in 2021 by becoming the first country to recognize Bitcoin as legal tender. Initially championed by President Nayib Bukele, this move aimed to reduce reliance on the US dollar and stimulate economic growth through cryptocurrency. However, recent changes indicate a shift toward caution. As of February 2025, businesses are no longer ...
This article explores the ambitious vision of Bitcoin City in El Salvador, announced by President Nayib Bukele in 2021. Set at the base of the Conchagua volcano, this futuristic city is designed to be a crypto utopia featuring zero income taxes and powered by geothermal energy. The author visits the small village of Conchagua, where ...
El Salvador has purchased an additional 5 BTC, bringing its total Bitcoin reserves to around 6,055 BTC, worth over $606 million. This recent acquisition is part of the country’s ongoing strategy to accumulate Bitcoin while adapting its policies to align with the International Monetary Fund’s (IMF) requirements. The updates include making Bitcoin acceptance optional for ...
El Salvador has recently added 11 more Bitcoin to its national reserves, increasing its total to 6,044 BTC, valued at around $610 million. This purchase comes after securing a $1.4 billion agreement with the International Monetary Fund (IMF), which required the country to make Bitcoin acceptance voluntary for businesses, marking a shift from its original ...
El Salvador has recently bought 12 Bitcoin in just two days, increasing its total holdings to 6,044 BTC, worth around 610 million USD. This comes after an agreement with the International Monetary Fund (IMF) to cut back on its cryptocurrency policies, including making Bitcoin acceptance by businesses voluntary. Despite this, President Nayib Bukele’s government is ...
On January 20, 2025, El Salvador’s National Bitcoin Office announced the strategic purchase of 12 new bitcoins, increasing its total reserves to 6,044 BTC valued at over 617 million dollars. This move highlights President Nayib Bukele’s steadfast commitment to Bitcoin, even amidst a recent agreement with the International Monetary Fund (IMF) aimed at modifying some ...
