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#TradersLeague El Salvador buys more bitcoin despite warnings from the IMF
The government's announcement comes more than a month after the IMF approved the initial disbursement of USD 120 million as part of the loan.
El Salvador's bitcoin purchases $BTC continue to be executed, even though there is a clause imposed by the International Monetary Fund (IMF) that requires the government to halt its purchasing strategy.
According to the message published on the official X account of the National Bitcoin Office, on July 5, 8 bitcoins were purchased. This amount brings El Salvador's holdings to about 6,229 BTC, equivalent to approximately 675 billion dollars.
The government's announcement comes more than a month after the IMF approved the initial disbursement of USD 120 million as part of the loan.
El Salvador's bitcoin purchases $BTC continue to be executed, even though there is a clause imposed by the International Monetary Fund (IMF) that requires the government to halt its purchasing strategy.
According to the message published on the official X account of the National Bitcoin Office, on July 5, 8 bitcoins were purchased. This amount brings El Salvador's holdings to about 6,229 BTC, equivalent to approximately 675 billion dollars.
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