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Just reached a protocol agreement with the IMF, El Salvador turns around and buys more BTC with added investment.
Just yesterday, El Salvador, which reached a loan protocol with the International Monetary Fund (IMF), promised to make significant adjustments to its BTC strategy. However, today it immediately spent $1.07 million to buy an additional 11 BTC. Could it be a good opportunity to catch the bottom?
Just received a loan and immediately added to buy BTC
The International Monetary Fund (IMF) has just reached a protocol with El Salvador on a $1.4 billion loan program, which will also facilitate additional financial support from the World Bank, the Inter-American Development Bank, and other regional development banks, with a total financing package exceeding $3.5 billion throughout the program. However, El Salvador needs to make significant adjustments to its Bitcoin strategy, with one protocol involving the participation of the public sector in BTC-related economic activities and restrictions on BTC transactions and purchases.
(El Salvador compromises! Promises to adjust BTC strategy for IMF loan)
However, according to Arkham's data, in addition to the previous daily investment of 1 BTC, El Salvador has added 11 BTC to its holdings today. The BTC office of El Salvador has also announced that it has transferred over 1 million dollars' worth of BTC to El Salvador's strategic BTC reserves. Is this a good opportunity to catch the bottom?
BTC Office Director said: This is just the beginning
Stacy Herbert, Director of the BTC Office of El Salvador, also confirmed on X that after achieving a financing protocol of $3.5 billion, El Salvador will continue to implement its BTC policy, including
BTC is still the legal tender coin
El Salvador will continue to buy BTC (possibly at an accelerated pace) as its strategic BTC reserve
The BTC capital market will continue to develop; for example, the recent securitization of US Treasury bonds through Liquid.
The BTC office will continue to formulate BTC policies and roadmaps, attract investors, and establish education plans.
Chivo wallet will be sold or closed, but many private sector BTC wallets will continue to serve El Salvador
And this is just the beginning, the National BTC Office of El Salvador has a lot more to do in 2025!
This article just reached a protocol with the IMF, and El Salvador turned around to buy more BTC, which first appeared in Chain News ABMedia.