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El Salvador significantly increased its Bitcoin $97,998 purchases last week. The government acquired a total of 22 BTC over two separate days, raising its Bitcoin reserves to over $574 million. These purchases demonstrate the country’s commitment to its cryptocurrency strategy and its approach to managing international financial relations.
Striking Increase in Bitcoin Acquisitions
On Friday and Sunday, El Salvador bought a total of 22 BTC worth $2.14 million. President Nayib Bukele’s continued “one BTC per day” strategy since November 2022 is noteworthy. This new purchasing activity appears to accelerate El Salvador’s goal of increasing its reserves.
Max Keiser, an advisor on Bitcoin to President Bukele, announced that the country plans to acquire an additional 20,000 BTC. This target seems likely to strengthen El Salvador’s presence in the cryptocurrency market…
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