Updated assessment of El Salvador's Bitcoin reserves
Key information about the Bitcoin ownership of the El Salvador government
According to a report on June 16, data from El Salvador's Bitcoin Office shows that the country currently holds a total of 6,209 BTC. Of this, the government has accumulated an additional 240 BTC since signing a $1.4 billion loan agreement with the International Monetary Fund (IMF) on December 19, 2024. The goal of this agreement is to limit the country's acquisition of Bitcoin, requiring El Salvador to cease public increases in ownership and to revoke legal regulations for Bitcoin. However, the strategy of buying 1 Bitcoin every day is still maintained.
El Salvador's strategy and regulations regarding Bitcoin
Under the oversight of the IMF, El Salvador continues its Bitcoin purchasing activities for long-term accumulation purposes. Rodrigo Valdes, director of the Western Hemisphere Department, confirmed that the country implements "no increase in total ownership" through technical procedures of the finance department. Meanwhile, analysts suggest that the government can maintain this commitment through internal, non-public buying and selling activities via non-governmental entities.
Potential impact and long-term strategy
El Salvador's continued ownership of Bitcoin reflects its ambition to become a leading cryptocurrency hub in the region. The purchase of 1 Bitcoin every day helps stabilize the country's reserves and maintain a long-term accumulation strategy, despite legal restrictions. This shows flexibility in the government's strategy while raising questions about transparency and its impact on the global cryptocurrency market.
Frequently asked questions after the article
Does El Salvador really maintain the strategy of buying Bitcoin daily despite IMF regulations?
How does El Salvador's policy affect global Bitcoin prices?
What should investors pay attention to when considering a country's commitment to buying Bitcoin?
This event demonstrates that El Salvador's strategy of accumulating Bitcoin remains steadfast, despite strict legal constraints. Investors and partners in the cryptocurrency industry need to closely monitor the country's actions to consider accurate investment decisions.
Source: https://tintucbitcoin.com/el-salvador-mua-240-bitcoin-sau-vay-imf/
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