El Salvador Strengthens Bitcoin $BTC Holdings with New Acquisition
El Salvador has added 11 Bitcoin ( $BTC ) worth approximately US$1.06 million in its latest purchase, further solidifying its position as a pioneer in Bitcoin adoption. According to the official Bitcoin Office El Salvador website, the country now holds 5,994 BTC, valued at over US$580 million based on current market prices.
This move aligns with El Salvador’s goal to accelerate Bitcoin adoption, especially after securing a US$3.3 billion loan from the International Monetary Fund (IMF).
The Central American nation has set an ambitious target to buy Bitcoin daily and aims to increase its reserves to over 20,000 BTC in the near future.
El Salvador’s commitment to Bitcoin adoption continues to attract global attention, cementing its reputation as the first country to adopt Bitcoin as legal tender. This strategy underscores its belief in Bitcoin’s long-term potential to drive economic growth and financial innovation.
