El Salvador’s National Bitcoin Office has announced that it had transferred over a million dollars worth of BTC to its Strategic Bitcoin Reserve. A website tracking these purchases shows that it had added 11 BTC to its holdings. Notably, the purchase comes just a day after the country struck a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the asset. Stacy Herbert, the head of El Salvador’s National Bitcoin Office, wrote on X that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward.
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