According to the latest post by El Salvador's President Nayib Bukele, to celebrate the 4th anniversary of the country's (Bitcoin Law) coming into effect, the Salvadoran government has again increased its investment, purchasing 21 bitcoins valued at approximately 2.3 million dollars.
Bukele wrote in the post: 'To celebrate Bitcoin Day, we purchased 21 bitcoins.' El Salvador officially recognized Bitcoin as legal tender in September 2021, becoming the world's first country to integrate Bitcoin into its financial system.
According to data from the El Salvador National Bitcoin Office, including this latest purchase, El Salvador currently holds a total of 6,313 bitcoins, worth 701.8 million dollars.
About a week ago, the El Salvador Bitcoin office diversified its holdings into 14 wallet addresses to reduce the potential risks of quantum computing threats.
Last month, the El Salvador Congress also passed a bill allowing large financial institutions to apply for licenses to provide Bitcoin and digital asset-related services to "professional investors."
It is worth noting that while the website of the El Salvador Bitcoin office shows that the country is buying 1 Bitcoin every day, this contradicts the official statement submitted to the International Monetary Fund (IMF) by the country's central bank president and finance minister in July. The statement confirms that, according to the loan agreement with the IMF, the Salvadoran public sector stopped purchasing Bitcoin in February.
In response, Bukele refuted external doubts as early as March this year on X, emphasizing:
No, we will not stop. Back when we were ostracized globally, even the Bitcoin community abandoned us, we did not stop, and now it is even less likely, nor will it happen in the future.
"Ignoring the IMF ban! El Salvador increases its purchase of 21 BTC to commemorate the 4th anniversary of the Bitcoin Law" was first published on (Blockkey).
