El Salvador Buys 1,090 Bitcoin as Prices Drop and IMF Pressure Mounts
CoinDesk
El Salvador increased its national Bitcoin treasury by over 1,000 BTC amid a market selloff and ongoing IMF discussions.Summary
El Salvador has significantly increased its national Bitcoin holdings by purchasing 1,090 BTC, adding nearly $100 million to its treasury while the price of Bitcoin traded below $90,000. This move brings the country's total reserves close to 7,500 BTC, continuing its policy of buying one BTC daily, despite discouragement from the International Monetary Fund (IMF) regarding public sector holdings. The recent accumulation also coincides with closer coordination between President Bukele's administration and Washington officials regarding digital asset regulation oversight, including a meeting with White House crypto adviser Bo Hines.
(Source：CoinDesk)