El Salvador discloses largest single-day BTC purchase of $100 million as bitcoin dips lower
El Salvador made its largest single-day Bitcoin purchase, acquiring 1,090 BTC worth about $100 million amid a price dip.Summary
El Salvador announced its largest single-day Bitcoin acquisition, adding 1,090 BTC, valued at approximately $100 million, on Monday evening, bringing its total holdings to 7,474 BTC. This purchase occurred as Bitcoin's price dropped below $90,000, continuing a pattern where the country buys during dips. President Nayib Bukele shared the acquisition on X, reaffirming that the country's BTC buying will continue. However, this action raises questions regarding El Salvador's $1.4 billion loan agreement with the IMF, which explicitly prohibits the public sector from purchasing Bitcoin. Previous statements from finance officials contradicted Bukele's purchase announcements, suggesting increases in holdings might be due to wallet consolidation rather than new market buys, though the head of the Bitcoin Office has maintained they are buying in defiance of the IMF deal.
(Source：The Block)