El Salvador’s Latest Bitcoin Purchase Contradicts IMF Assurance

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Just months after assuring the IMF it had halted public Bitcoin purchases, President Nayib Bukele has announced El Salvador bought 21 more BTC for $2.3 million.

The move, framed as a celebration of the Bitcoin law’s fourth anniversary, raises questions about the country’s adherence to its international financial agreements.

The National Bitcoin Office, which continues to buy 1 BTC daily, reports total holdings of 6,313 BTC.

The celebratory purchase comes on the heels of other crypto initiatives, including new legislation for digital asset services and a high-profile—though debated—strategy to split its Bitcoin across addresses to counter potential quantum attacks.

Louis Adams https://www.satoshihodler.com

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