{"id":145229,"date":"2024-12-20T20:00:21","date_gmt":"2024-12-20T18:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145229"},"modified":"2024-12-20T13:35:53","modified_gmt":"2024-12-20T11:35:53","slug":"el-salvador-boosts-bitcoin-holdings-after-1-4b-imf-agreement","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/el-salvador-boosts-bitcoin-holdings-after-1-4b-imf-agreement\/","title":{"rendered":"El Salvador Boosts Bitcoin Holdings After $1.4B IMF Agreement"},"content":{"rendered":"
This marks a departure from the government\u2019s prior strategy of purchasing “one Bitcoin<\/a> <\/strong>per day,” a practice announced by President Nayib Bukele in late 2022. With this latest acquisition<\/a> <\/strong>of 11 Bitcoin, El Salvador’s total holdings now stand at approximately 5,980 BTC, valued at around $580 million.<\/p>\n Stacy Herbert, Director of the National Bitcoin Office, hinted at potentially ramping up Bitcoin purchases. However, the IMF deal imposes limitations on government-led Bitcoin activities.<\/p>\n To secure the funding, El Salvador agreed to confine its Bitcoin transactions, ensure private sector participation remains optional, limit tax payments to U.S. dollars, and reduce the state\u2019s involvement in its Chivo wallet operations.<\/p>\n