Key Takeaways
- El Salvador resumed its Bitcoin shopping for technique, including 7 BTC value $661,000.
- The acquisition aligns with an IMF settlement, modifying Bitcoin insurance policies in El Salvador.
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El Salvador bought 7 Bitcoin value $661,000 at this time, resuming acquisitions after pausing its every day shopping for technique on Feb. 18, in keeping with Arkham Intelligence knowledge.
The Central American nation now holds 6,088 Bitcoin, valued at roughly $558 million at present costs. The nation had beforehand carried out a technique of buying one Bitcoin every day, which started in November 2022.
The halt got here amid El Salvador’s latest settlement with the Worldwide Financial Fund (IMF), a 40-month Prolonged Fund Facility deal anticipated to draw over $3.5 billion in extra monetary help all through this system interval.
As a part of the IMF settlement, El Salvador agreed to change its Bitcoin insurance policies, together with making Bitcoin acceptance voluntary for private-sector companies. The nation’s legislature permitted amendments to its Bitcoin legislation in late January 2025 to align with these necessities.
El Salvador has made a number of massive Bitcoin purchases outdoors of its every day acquisition technique. In December, following the IMF financing deal, the nation added $1 million value of Bitcoin to its strategic reserves in a single buy. On February 4, it acquired 11 Bitcoin valued at over $1 million.
Regardless of earlier hypothesis that the IMF deal would curtail its Bitcoin technique, El Salvador’s newest buy demonstrates continued dedication.
The acquisition occurred when Bitcoin’s worth fell under $95,000 following President Trump’s new tariff assertion. The flash drop triggered over $950 million in leveraged liquidations throughout crypto platforms.
At press time, BTC modified arms at round $92,000, down 4% within the final 24 hours, per CoinGecko.
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