El Salvador President Nayib bouquetthe country’s bitcoin 
$0.000016 He announced that they celebrated the fourth anniversary of the Law by taking 21 BTC. With this transaction worth approximately $ 2.3 million, the total asset of the country reached 6,313 BTCs. National Bitcoin OfficeAccording to data, this amount corresponds to $ 701.8 million with current market prices.
El Salvador’s Bitcoin presence
Bouquet, X In his sharing from his account, “21 BTCs were purchased for Bitcoin Day”. The country accepted Bitcoin as an official currency with the law, which came into force in September 2021. As of today, El Salvador Bitcoin Its presence increased to 6,313 BTC levels. The National Bitcoin office records these purchases open to the public.
Recently, the national Bitcoin office has changed the method of storing the country’s Bitcoin existence into 14 different addresses. This application was carried out to increase the security of the country’s BTCs. In addition, the Country Assembly last month Bitcoin and other crypto currency He approved the law, which allows him to offer his services for “qualified investors ..
Purchases contradict the IMF agreement
According to the information on the website of the National Bitcoin Office El Salvadorcontinues to purchase 1 BTC on a daily basis. This process varies with the official report submitted to the IMF in July. Because the report has stopped the purchases of Bitcoin as of February 2024.
Bukele, said in a statement in March, said the purchases continue. The President stressed that the country will continue this policy in the future. The explanation revealed a table that contradicted the information given to the IMF by the official institutions.
El Salvador’s daily BTC His purchases and the symbolic process on his anniversary show that the country’s crypto currency strategy continues. However, commitments and market conditions in the IMF agreements indicate that the process may lead to different controversy in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
